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Title: Major price support level for BTC and altcoins. HODL! Post by: beachbummer on March 17, 2018, 04:42:51 AM Based on a pricing model by Fundstrat, the cost of mining BTC is $8,038. This should thus be the a support level where the miners will rather hodl their coins than to sell at a loss.
The next fundamental support level is $3,000 to $4,000, where the shit hits the fan and miners are actually forced to shutdown. Given that BTC has a high level of correlation with altcoins, any price support for BTC will almost inevitably act as a price support for altcoins as well. Keep calm and hodl on! https://www.cryptoinfomag.com/2018/03/17/btc-may-be-hitting-an-price-support-level-soon/ |