#MarketUpdate Btc continues to range from 60k to 30k. On eve | Coin Bureau Insider

#MarketUpdate

Btc continues to range from 60k to 30k. On every major bull market, we had a period of consolidation before any parabolic blow off top. We are currently in weekly demand with indicators maxed out on multiple time frames. We currently have touched the edge of the Btc production cost where we would expect the miners to stop selling at break even and would rather accumulate and save for bigger profits later.

On our previous updates we expected 37-38k as our bottom, but due to outside factors such as the DXY (Us Dollar Index) uprising and the collapse of the stock market, panic has brought us to a lower level.