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RE: Crypto Analysis Report 6-14-18 BITCOIN...$6000 Level…The Do Or Die Level
I think that the miners will hold their sells below $6,000 as well as most miners are averaging costs around that area as well so it could be consider an intrinsic value target as well. However, volume has to be convincingly high for a bottom.
Interesting point, I was starting to do some analysis on the miners break even cost, but didn't finish. Yes, buyer volume is going to be key if price is going to move higher.
At time of this post. Daily estimate is 72$ a day so just over 2100$ a month with 300 in electric cost. So its still not terribly low imo. I prefer seeing 3500+ a month from my rigs but so long as i am above electric cost it really does not bother me.
Appreciate the insight @majornexx, so what price would Bitcoin have to be at for you to breakeven and how much are you paying in electric per kwh?