Expert analyst announced the new price of Bitcoin! Could these levels be real?

BTC of the price to the $70,000 limit With its approach, investors and market followers are keeping an eye on this digital asset. This development brings with it new discussions about the future of Bitcoin and the cryptocurrency market in general.

recent periods, Bitcoin It marks an important turning point for As the BTC price dropped to the $67,431 level, it is observed that it left the “deep value” area. On-chain data, BTC fiyat It indicates a major change in dynamics. In an X tweet on March 7
Charles Edwards, The founder of Capriole Investments and manager of a quantitative Bitcoin and digital asset fund announced the beginning of a “New Chapter” for the market.

Bitcoin, is seen as “fairly priced” for the first time in two years. At the top of all time
Bitcoin, It represents a drastic reversal from BTC price movements just a few months ago, but on-chain analysis shows that the bulls are simply restoring balance.

Expert analyst announced the new price of Bitcoin! Could these levels be real?

Edwards’a according to, approximately $70,000 around Bitcoin, is “fairly priced” in terms of the amount of energy miners use to join the network. Capriole’s Bitcoin Energy Price metric, This marks the first time this phenomenon has occurred since late 2020. Edwards defines the metric as “the intrinsic value of Bitcoin priced solely by the pure Joule energy entering the network.” “No crazy formulas, no power laws,” he explains. “Energy alone maps Bitcoin’s fair value from its inception. Currently at 70K, making Bitcoin fair value for the first time in 2 years.”

Energy price is higher now BTC
It’s just one example of a broad list of market metrics that point to prices. Miners are even enjoying a return to solid profit margins despite selling significant amounts of BTC despite the upcoming block reward halving.

“Bitcoin, In recent months, the cost of production has increased and with the Ordinals wage increase, Bitcoin Mining has once again become extremely profitable,” Edwards wrote. “You can see As such, these exits often lead to a much higher repricing. But Bitcoin’s era of value is over.”