Latest News: BTC Hashrate reached a new milestone on September 15, what impact will this have on short-term price movements?
- On September 15, BTC Hashrate reached a new record high, indicating increased network strength;
- The general pattern seen is a price increase (no more than 10%) followed by stronger sales;
- Despite the current push near 29k, not hitting new highs would only confirm that the 2023 bounce from the lows is over;
- In the next 3-4 weeks, we can expect BTC price to explore the sub-24k region;
- BTC Hashrate has been a solid bearish warning indicator, as explained in a previous post.
Note: The graph below is available for Pro users, but the regular Hashrate graph is available for everyone.
- On September 15, BTC Hashrate reached a new record high, indicating increased network strength;
- The general pattern seen is a price increase (no more than 10%) followed by stronger sales;
- Despite the current push near 29k, not hitting new highs would only confirm that the 2023 bounce from the lows is over;
- In the next 3-4 weeks, we can expect BTC price to explore the sub-24k region;
- BTC Hashrate has been a solid bearish warning indicator, as explained in a previous post.
Note: The graph below is available for Pro users, but the regular Hashrate graph is available for everyone.