💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Bitcoin mining cost rises to $84,000, above market price
According to MacroMicro, the estimated average cost of mining one bitcoin has reached around $84,000, while the market price is near $67,000.
The metric takes into account network hashrate, mining difficulty, hardware efficiency, and assumptions about electricity costs. If accurate, miners are operating at a significant loss.