BTC/USD has a clear path till $4,500 if bulls can get over the resistance at $4,075.
Bitcoin hash rate surge past 52 quintillion hashes per second which is a 4 month high.
BTC/USD has a clear path to $4,500 as per the daily confluence detector. The bulls only need to get over the resistance level at $4,075. There is a lot
more optimism in the market as Bitcoin’s hash rate surged past 52 quintillion hashes per second which is a four-month high. Since mining difficulty has
changed little for the last month or so, new miners have had a far easier time.
Casa CTO Jameson Lopp tweeted:
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“Hashrate follows price. Some folks believe price follows hashrate, possibly because hashrate doesn’t simply track ~spot~ price, but rather tracks some
~speculative~ future price. Miners are speculators too!”
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