Bitcoin miner revenue cycle indicates potential for major upswing in profits

From Investing.com

November 6, 2024 2:00:23 PM:

A cycle in miner revenue reveals market trends: euphoria, capitulation, relief, bearish capitulation. Decline in miner revenue during bear capitulation leads to weaker players exiting, stabilizing the market for recovery. Rising Bitcoin price boosts miner profits, signaling shift to bull market. Revenue decline before bull euphoria phase indicates profit-taking and market recalibration. High miner revenue corresponds with high Bitcoin prices, signaling bullish momentum. Possible Bitcoin rally with current increase in miner revenue.

Read more at Investing.com: Is Bitcoin Miner Revenue Ready for Major Upswing? By U.Today