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Bitcoin (BTC) Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows

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In keeping with this sample, bitcoin has already proven indicators of restoration, gaining about $9,000 because the native backside on Sept. 6, representing a 15% improve in worth. This divergence between bitcoin’s (BTC) worth and its hash charge began to form up in July after which endured into early September, when the computing energy of the community reached an all-time excessive of 693 exahashes per second (EH/s) on a seven-day transferring common, whereas bitcoin’s worth was close to $54,000.



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Tags: BitcoinBTCDataDivergenceHashrateHistoricalPotentialPricerallyScenesetShows
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