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Production Cost of 2017 was 5-6k, which was the zone that BTC | Coin Bureau Insider

Production Cost of 2017 was 5-6k, which was the zone that BTC had bounces many times in Bear Cycle 2017. Bear Market 2017 ended with the capitulation when 6k is broken down to 3k, which is the level of Electricity Cost

At current cycle, Production Cost is 34k, Electricity Cost is 20k
Draw your conclusion

Alt-Bearish support scheme