đBitcoin on the Verge of a Bull Run? CryptoQuant Predicts Major Rally as Hashprice Hits Record Low!đ
Bitcoin's hashprice has recently dropped to historic lows, signaling an interesting potential shift in the market. According to CryptoQuant, this could be a strong indicator for an upcoming rally. đ
When hashpriceâthe revenue miners earn per unit of hashing powerâhits rock bottom, it often pressures inefficient miners out, reducing network difficulty. This can lead to a consolidation among stronger miners and set the stage for a potential price surge! âĄ
đ Key Takeaways:
Market Clean-Up: Lower hashprice can push out weaker miners, streamlining the network.
Reduced Difficulty: Easier mining conditions can encourage more participation, stabilizing the network.
Potential Rally: Historical data suggests that such lows often precede significant price increases.
Are you ready to ride the next wave? đ Letâs see how this plays out in the coming weeks!
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