Analyst links Bitcoin “Electrical Cost” to a potential bear-market floor near $50,000

An on-chain analyst argued in a June 6 post on X that Bitcoin is unlikely to bottom at $25,000 in the current cycle, citing the Bitcoin Electrical Cost model. The model places BTC’s estimated production cost around $48,694, which the analyst said could translate into support near $50,000 if the downturn persists. Separately, a CryptoQuant Quicktake noted bearish signals like RSI (14) near 6.4 and an EMA50/200 “Death Cross,” while Binance netflows at -0.58σ suggested ongoing exchange outflows.