Analyst: Bitcoin Could Bottom at $46K as ‘Electric Cost’ Falls

The estimated “electric cost” 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 “Electric cost” refers to the estimated electricity cost needed to mine a single BTC, and acco…