Kosta Ouzas shows a gray line on a chart that he says reliably marks bitcoin's historical bottoms. His team built a trading system around this support level, arguing it tracks bitcoin's cost of production rather than moving randomly.
The other important feature of this chart is that is also relevant for the rest of the discussion is this gray line. This gray line is what we call the support, the bitcoin support. And notice how powerful is in getting all the different bottles of a history. Right? So this is what actually the trading system that Costa and his team is developing is using as its foundation. Because you see, it's something that is not due by chance. In fact, we have discovered through our studies that is linked to the cost of production of bitcoin.
