Bitcoin
Singkat

BTC production cost update (bearish)

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BTC production cost indicator marks the average cost to produce a Bitcoin current day (66k). A support band on this indicator is marked around 45k, these areas are tremendously strong long term buy zones on capitulatory events. September tends to start off red. I do expect another down wick on the monthly to 52-54k but we cannot rule out 45k.

-September tends to end the month green followed up a bullish October
-I will have to push my 80k target out to Nov 1st unfortunately here
-With elections coming and a stacked witching hour on Sept 20, be patient for 2-3 more weeks

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