Bitcoin's price is ready to press on the accelerator pedal: here are the reasons that could lead to a new jump in prices
The price of Bitcoin could soon take the upward path.
Lately the most optimistic forecasts on the most monitored quotation of the cryptocurrency sector have taken into consideration the halving of 2020, while the most recent ones have been based on the hash rate of the BTC.
Source
The latest data on this have led some experts to believe that in some time the price of Bitcoin will gear up and will once again score excellent performances .
Bitcoin price ready to take off? Eyes on the hash rate
Let's first clarify with some basics. The hash rate of a cryptocurrency is an indicator that allows you to understand the amount of calculations made by the network . The higher the hash rate, the higher the network security.
Over the years, numerous analysts have attempted to highlight the link between this figure and the price of Bitcoin. In mid-2018, when the BTCUSD price moved vigorously away from the historical highs of a few months earlier, the hash rate also contracted.
In January, however, the indicator returned to rise: three months later the cryptocurrency began to grind gains by greeting the $ 3,500 and returning well over the $ 10,000 .
Today, according to the latest data reported, the hash rate of the BTC has registered a peak of 94 TH / s and has given good hope in reaching 100 quota.
If the bullish trend remains intact, numerous experts have continued, even the price of Bitcoin will be able to take the earnings path.
