Based on NewsBTC, Bitcoin miner activity indicates the cryptocurrency may have formed a local bottom at $80,000 during its recent correction. Analyst BorisD explains that miners became underpaid, a historical signal for market bottoms, as mining revenue fell below operating costs. This led to forced selling and miner capitulation, confirming the price floor. Bitcoin currently trades at $90,898, with analysts expecting continued upward momentum if the price remains above $80,000.
Bitcoin Miner Behavior Suggests Local Bottom Formed at $80,000
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