Next Top?

6 May 2020

I think the next high on the monthly chart could be in the price range between 14 and 24 thousand dollars. The price of a single bitcoin is back above the production cost so, at least temporary, for the miners the situation has relaxed a bit. With the next halving the production cost for 1 btc should rise to 15 thousand dollars so it is plausible that bitcoin price will realign itself to accomodate this new situation, rising to 14k $ or above.