AI Operators are following this #BitcoinMining theme 👉
Given the scale of power that #AI and other forms of #HPC demand these days, AI operators have found that the solution lies in locating their operations where the power exists and using fiber lines to disseminate that computational load to where it is needed.
Bitcoin mining plays upon this theme naturally, in that it doesn’t matter where you’re mining – the value is location-agnostic and functions globally – making the priority factors in locating your operations 1) low-cost power (to maximize profitability) and 2) abundant resources (so that you minimize the strain on the surrounding #EnergyGrid).
Since lots of ppl don’t like TA and want narratives..
I think what happens is.. /my best guess as a charts guy would be:
1. The pre halving 20-30k shakeout never happens, it gets front runned at $35-37k
2. We break 50k+.. ppl start thinking oh shit
3. People realize the halving is in less than 60 days (new narrative). They buy in anticipation of halving..
4. We are at 65-70k by Halving
5. Maybe then sell the news event at first for halving (down to 55/60k)
6. Actual halving supply and demand kick in.. another leg up, 80k, 90k, 100k..
7. Fomo 125k-150k
8. Sell your bags/Profit
#Bitcoin
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