Cointelegraph - A drop in Bitcoin's computing power suggests a potential price bottom, with less selling pressure from miners and indicators hinting at a buying opportunity

in blockchain •  5 months ago 

https://cointelegraph.com/news/bitcoin-hashrate-drawdown-december-2022-levels
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The computing power of the Bitcoin network has dropped significantly, reaching a level last seen in December 2022.

This, along with other data, suggests that the price of Bitcoin may be near a bottom.

Analysts believe that miners are selling less Bitcoin, which could help drive the price up.

What do you think?

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blockchain horror down bitcoin computing power price bottom
5 months ago by

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      ·  5 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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