Bitcoin: Miners Break Even at Production Cost

Bitcoin trades back at production cost, leaving miners breaking even on average.

Historical data shows the strongest long-term value opportunities cluster between current levels and the electrical cost floor near $50K, a zone that has repeatedly delivered outsized returns for patient holders over the past year.

Price at $63317.72 sits inside Bollinger Bands with upper resistance at $64503.37 and lower support at $59961.6; neutral RSI(14) of 50.69 combined with MACD golden cross at -234.59 suggests limited immediate momentum, favoring a measured pullback toward EMA50 support at $64978.66 before any deeper move toward the $50K electrical cost region.