Is Bitcoin Headed to $50K? 4 Charts Say It’s Possible

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A $50,000 Bitcoin price target remains in play despite BTC maintaining above $60,000 support for now, as multiple indicators warn the bottom may not be in.

A $50,000 Bitcoin price target remains in play despite BTC maintaining above $60,000 support for now, as multiple indicators warn the bottom may not be in.

However, the rebound has not fully erased downside risks, with some traders warning that a deeper breakdown remains possible as the US–Iran tensions and fading rate-cut expectations weigh on risk appetite.

Several Bitcoin valuation and technical indicators now support that scenario, suggesting BTC could still revisit $50,000 or lower levels in the coming weeks.

Bitcoin trades near its average production cost of $62,650, but risks dropping toward its lower electrical cost of $50,120.

Glassnode's MVRV bands show BTC below its lower valuation zone, with the next deep-value magnet near $50,437.

Bitcoin breaks down below average production cost

One of the key warning signals comes from the Bitcoin production cost model, which compares BTC’s market price with the estimated average cost of mining one Bitcoin.

The model, shared by Capriole Investments Founder Charles Edwards, shows Bitcoin trading near its production cost of around $62,650. That means miners are, on average, close to breaking even at current prices.

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