History suggests Bitcoin could hit new high above $85k to cover mining costs
Bitcoin (BTC) miners have recently found themselves at the center of the crypto market due to the increasing selling pressure on their BTC holdings and the resulting impact on the asset’s price. Notably, the selling activity has been considered a significant factor that derailed Bitcoin’s trajectory toward claiming the $70,000 resistance. Looking ahead, data shared by crypto analyst Ali Martinez on June 15 suggests that miners still have a crucial role in dictating Bitcoin’s price and potentially spurring it to an all-time high. Picks for you Opportunity? ‘Most bullish altcoin’ Ethereum signals imminent surge 1 hour ago Here’s ChatGPT-4o’s recession-proof stock and crypto portfolio 2 hours ago...