In the past 2 months, Bitcoin (BTC) price has continued its sideways movement, while Bitcoin miners have increased by about 1.5 times. Analysts stated that the increase can be attributed to positive developments by Bitcoin.
Used by many experts to gain insight into Bitcoin miner participation in the market. Bitcoin Hashrate, 278 while breaking the all-time record with bitcoin if 19,400 traded at dollar levels. Although low prices, despite the high miner ratio, confuse investors, analysts say that this situation will come soon. harbinger of positive weather suggests it might.
Analysts say Bitcoin’s price in November 2020 19,400 Bitcoin Hashrate was approximately 108 Exahash at the time it was traded at the dollar, and since then Hashrate has 157.40% Despite the increase in prices, the persistence of the prices at this level is not sustainable stated. In addition, many analysts stated that the selling pressure on Bitcoin continues, and that some of this pressure continues. of political disagreements if some of whales until they reach their target reserve trying to keep the price constant claimed to have originated.
In the scenario where there is a price change in direct proportion to the hashrate, the average price of Bitcoin 49,935 Experts, who suggest that it should be traded in dollars, recently said that the selling pressure has come to an end with the whales completing their targets. that you can relax stated. Another big move that is predicted to remove the pressures on Bitcoin is of the FED put an end to its restrictive policies is seen.
