Bitcoin's "Electrical Cost" has dropped below $50,000.

Just a few months ago, this was around $70,000.

I expect "Electrical Cost" to drop below $45,000, which means the BTC bottom ceiling will get lower.

This means $BTC will eventually drop below $50,000 and could bottom around $46,000-$48,000, which also coincides with August 2024 lows.