The price of bitcoin needs to go a lot higher, and fast

The miners are turning off their machines are going to keep turning them off unless prices go higher quickly.

The average cost to mine one bitcoin currently is roughly $78k.

(Source: https://x.com/rovercrc/status/1835611082049884563/photo/1)

That is significantly higher than the $63k price and higher than the price of bitcoin has ever been.

Miners in trouble with a major pump.