@ssmi9409
When compared to BTC price action, Bitcoin hash price seems to be pointing toward a Bitcoin bottom as it mirrors the conditions that preceded the 2021 breakout to new all-time highs.
In an August 30th Quicktake blog post, on-chain analytics platform CryptoQuant suggested that Bitcoin price action may be approaching a bottom.
CryptoQuant noted that Bitcoin’s hash price, which measures the revenue miners earn per terahash per second, is conspicuously low.
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