Having crossed a 94 quintillion mark, the Bitcoin hash rate is getting closer and closer to a new first-time record of 100 quintillion. Could this mean that a rally is forthcoming?
As the Bitcoin price consolidate around $10,000 level, analysts tell investors that now is the time to remain bullish and accumulate more BTC tokens in their wallets.
In a relief rally for the investors, Bitcoin price jumped 6% to move above $10,000 levels. With today’s move Bitcoin alone contributes to 70% of the overall cryptocurrency market cap.
Max Keiser bets on Bitcoin’s sharply rising hashrate and the Game Theory to back his predictions. He says hashrate, and not the Bitcoin price, is the true indicator of the crypto’s inherent strength.
After days of struggle, Bitcoin price has finally found its way out of the slowdown. Exactly before 1 week, the coin was being traded near 9000 USD, and now it is racing with its full might towards 13,000 USD.
Bitcoin price seems to be preparing for more upsides above the $13,200 level. In the short term, there could be a downside correction, but the bulls are likely to defend the $12,800 or $12,600 support area in the coming sessions.
In the latest euphoria about Bitcoin hitting $10000, silent achiever – Dash – has proved to be the underdog with its price surging by 200% in just last one month.