Popular cryptocurrency analyst Plan B has claimed that Bitcoin (BTC) will never fall below $35,000 again in the future.

Plan B, which has often managed to attract attention with its rhetoric about Bitcoin, pointed to the support of 35 thousand dollars this time. Plan B shared on social media on Nov. 27 that Bitcoin's hash rate has risen to $35,000, which means that the price will maintain $35,000 as support in case of possible sudden corrections.
The $35,000 indicator offered by Plan B calculates Bitcoin miners' cost per BTC based on their energy consumption. Due to the general opinion in the market, it is estimated that Bitcoin will not be sold below the price at which it was produced, that is, in this case, it will not fall below 35 thousand dollars.
In his comment on this indicator, the popular name stated that Bitcoin may never fall below $35,000 again:
On a difficulty (hash rate) basis, the valuation of Bitcoin rose to $35K yesterday. In IMO, this could mean that BTC will never fall below $35K again, based on $/kWh arbitrage fundamentals, barring possible black swan (sudden drops) or short-term fluctuations.
On the other hand, Plan B, which made an interesting speculation in response to a comment on its post, argued that this increase in the hash rate could be due to "insider trading". He also stated that while rumors about spot Bitcoin ETF approval are increasing, institutions may be buying Bitcoin through miners:
Since you can buy Bitcoin directly with dollars (investors) or indirectly with kWh (miners), there is arbitrage (modeled on a red line). The difficulty (hash rate) is increasing FAST. So, do miners know things that investors don't (yet) know, or... Are ETFs bought through miners!?
According to data from CoinGecko, BTC is trading at $37,210 at the time of writing, up 0.4% in the last 24 hours. #ContentStar# #GatePost#