Bitcoin has experienced a significant downtrend over the past two weeks, with its price now 13.8% below the all-time high of $73,835 reached on March 14. According to analysts, Bitcoin’s price recovery is contingent upon the capitulation of weak miners and a rebound in the network’s hashrate.
Current Market Analysis
Independent analyst Willy Woo has highlighted that Bitcoin’s price recovery will depend on the capitulation of “weak miners” and a subsequent recovery in hashrate.·
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