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Bitcoin [BTC]: Miners may be capitulating, but is that all there is to it

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ambcrypto.com

Bitcoin’s [BTC] standing revolves around investors and HODLers, but it also depends on BTC miners. As opposed to just relying on broader market cues, Bitcoin enthusiasts should also pay attention to miners’ behavior.At the moment, miners are responsible for creating the environment that may be required to sail the king coin through the bear market.With the market hitting major lows over the last few months, Bitcoin ended up falling to $17.5k at one point recently.

However, everything turned around for the crypto soon after, pushing BTC back up to trade at $21.3k on the charts.Bitcoin price action | Source: TradingView – AMBCryptoDespite the small recovery, miners have started capitulating, which is usually the last leg of the bear market.

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