Has Bitcoin Fallen Enough?

I support the theory that Bitcoin has a calculable minimum price. This is a unique property of the asset, not found in any other market instrument. I've previously written that in any crypto winter, Bitcoin will fall to the mining cost level, and then a long-term upward trend will begin.

Why does this happen? To mine BTC, you need very expensive equipment, cheap electricity, and a place to house it. So if the market offers a chance to buy Bitcoin at the cost to mine it, investors scoop up huge volumes in a wave of FOMO.

But there's a problem. According to my data, the absolute yearly low is $60,008.52. The mining cost is $59,857.

I've plotted the last 4 instances of Bitcoin falling to the cost level on the chart. In every case, the price dipped below this zone and even "crawled along the bottom" below the cost price. Based on historical experience, BTC could drop below the $50,000 mark.

However, in this zone, one can already prepare to start buying. Just split the purchases into several parts, starting from the $50K-70K levels.

Not financial advice. Just sharing my personal theory based on mining metrics.