{"id":77721,"date":"2026-03-25T19:33:42","date_gmt":"2026-03-25T19:33:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77721"},"modified":"2026-03-25T19:33:42","modified_gmt":"2026-03-25T19:33:42","slug":"analyst-bitcoin-could-bottom-at-46k-as-electric-cost-falls","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77721","title":{"rendered":"Analyst: Bitcoin Could Bottom at $46K as \u2018Electric Cost\u2019 Falls"},"content":{"rendered":"
\n

The estimated \u201celectric cost\u201d of Bitcoin (BTC) has fallen below $50,000, according to analyst Ted Pillows.<\/p>\n

That shift is adding weight to predictions of a potential price drop below $50,000, with Pillows suggesting it could hit a bottom last seen in 2024.<\/p>\n

Mining Economics Point to a Lower Price Floor<\/h2>\n

\u201cElectric cost\u201d refers to the estimated electricity cost needed to mine a single BTC, and according to Pillows, it has dropped below $50,000 and could fall further<\/a> toward $45,000.<\/p>\n

\n

\u201cThis means $BTC will eventually drop below $50,000 and could bottom around $46,000-$48,000, which also coincides with August 2024 lows,\u201d he wrote.<\/p>\n<\/blockquote>\n

While his view is backed by traders on Kalshi who are currently forecasting<\/a> a Bitcoin low of $48,000, not everyone thinks the near-term direction will be downward. For example, chartist Ali Martinez recently identified what he described<\/a> as a \u201cright-angled descending broadening wedge\u201d on Bitcoin\u2019s one-hour chart. Generally, technical traders read that pattern as a bullish reversal setup, and Martinez set a short-term target near $75,700 if the breakout holds.<\/p>\n

Meanwhile, Merlijn The Trader highlighted<\/a> that BTC has reached the \u201cDCA zone\u201d on the Rainbow Chart for the fourth time in its history. According to him, the level has in the past been associated with long-term accumulation periods, with three previous touches of the zone coming right before substantial price rallies.<\/p>\n

\n

\u201cThe chart has never been wrong,\u201d they stated. \u201cMost people will ignore it again.\u201d<\/p>\n<\/blockquote>\n

Geopolitics Keeping BTC Pinned Near $70,000<\/h2>\n

Pillows\u2019 bearish prediction has come at a time when Bitcoin\u2019s price action is being driven more by headlines than by technicals. The asset recently dropped<\/a> below $68,000 after U.S. President Donald Trump threatened to wipe out Iran\u2019s power infrastructure in their ongoing conflict. It then pushed<\/a> above $71,000 for a little while after Trump changed tune, postponing the said attacks and claiming the two countries had held \u201cconstructive\u201d conversations.<\/p>\n

However, the Iranians denied Trump\u2019s claims of talks, with the ensuing back and forth eventually taking BTC once again below $70,000 at some point yesterday. At the time of writing, the premier cryptocurrency was inching closer to $71,000, having ultimately gained 8.5% in the last 30 days per CoinGecko.<\/p>\n

Previously, Martinez had described the range between $65,636 and $70,685 as a \u201cno-trade zone,\u201d noting<\/a> that more than 1.7 million BTC had changed hands at those levels. And with both buyers and sellers digging in, the analyst said the next meaningful move will only come once Bitcoin\u2019s price breaks clearly either above or below that band.<\/p>\n

As things stand, traders are caught between two contradictory signals, with the mining cost data and prediction market positioning suggesting that the path of least resistance may be lower, while chart patterns are offering a competing case for recovery.<\/p>\n

The post Analyst: Bitcoin Could Bottom at $46K as \u2018Electric Cost\u2019 Falls<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The estimated \u201celectric cost\u201d of Bitcoin (BTC) has fallen below $50,000, according to analyst Ted Pillows. That shift is adding weight to predictions of a potential price drop below $50,000, with Pillows suggesting it could hit a bottom last seen in 2024. Mining Economics Point to a Lower Price Floor \u201cElectric cost\u201d refers to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77721","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77721"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77721\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}