The estimated parameters of miner cost seem confirmed as it trends along green trendline and flatlined @8k.
this Looks like a repeat of the April 2 greencandle Miner cost acts as hard bottom.
Also Difficulty and hashrate are very strong.
Data from Quandl showing the total number of unique bitcoin transactions per day excluding those which involve any of the top 100 most popular addresses popular addresses.
57% drop in 5 days
This Chart is 3 trend lines on Weekly BTC chart.
1.Bitcoin non-linear regression curve
2.Mining Cash Flow Line
3. 200 SMA
All 3 Trends meet AT the Dec low @ $3150
Price is respecting those closely.