NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Hashrate Races to All-Time Highs as BTC Shows Signs of Vitality

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After facing some dire price action earlier this week, Bitcoin (BTC) has been able to incur some notable upwards momentum that has come about as a result of bull’s ardent defense of the cryptocurrency’s key support within the mid-$8,000 region.

The defense of this support, and subsequent rally higher, suggests that bulls have some underlying strength, and it also comes as the cryptocurrency’s fundamental strength grows.

BTC’s hashrate has been able to surge to fresh all-time highs today, which is a sign of fundamental strength that could mean further upside is imminent.

Bitcoin Shows Subtle Hints of Bullishness as Buyers Attempt to Capture Key Level 

At the time of writing, Bitcoin is trading up 3% at its current price of $8,850, marking a notable climb from daily lows of roughly $8,450.

Multiple analysts had previously noted that $8,500 was a key support level that bulls needed to defend if they wanted to push the cryptocurrency higher, with yesterday’s price action seeming to confirm the importance of this level.

The bullish response to this key support also comes as Bitcoin’s buyers attempt to propel it above its EMA 34, with today’s test of this level marking the first one seen since the crypto was trading at $9,900.

Big Cheds, a prominent cryptocurrency analyst on Twitter, spoke about this level in a recent tweet, saying:

“4 hour – Bulls advancing, first EMA 34 test since $9900.”

$BTC #Bitcoin 4 hour -Bulls advancing, first EMA 34 test since $9900 https://t.co/oC1EtQuN0H pic.twitter.com/pwl3wtaS7J

— Cheds (Trading Quotes) (@BigCheds) March 2, 2020

BTC’s Hashrate Rallies to All-Time Highs as Technical Strength Grows 

Bitcoin’s hashrate has long been looked upon by analysts and investors as an indicator of its fundamental strength, with its ongoing rise to fresh all-time highs suggesting that the cryptocurrency has incredible underlying strength at the moment.

Binance Research spoke about this in a recent tweet, noting that the benchmark cryptocurrency’s hashrate is on the rise as its upcoming mining rewards halving fast approaches.

“Despite BTC’s recent price drop, its hashrate has hit ATH and continues to climb. Bitcoin’s impending halving is getting closer each day, how do you expect price to react?”

Despite $BTC's recent price drop, its hashrate has hit ATH and continues to climb.#Bitcoin's impending halving is getting closer each day, how do you expect price to react?

Read about Bitcoin & its diversification properties in portfolio management. ⬇️https://t.co/RtlUWeTENW pic.twitter.com/T0OFWMbML1

— Binance Research (@BinanceResearch) March 2, 2020

Whether or not there is a direct correlation between Bitcoin’s price trend and its hashrate has been a contentious topic within the industry, and there is little evidence that the noticeable correlation equates to causation.

Despite this, the cryptocurrency showing signs of fundamental strength could ultimately bolster BTC’s bull case.

Featured image from Shutterstock.
Tweet123Share296ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling...

Christian Encila 3 hours ago
Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum has broken out above the $3,000 level, reaching its highest price since late January and signaling a strong resurgence...

Sebastian Villafuerte 4 hours ago
Avalanche

Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here?

Avalanche (AVAX) climbed past the $21 level this week, marking a 2.5% gain over 24 hours. Trading volume hit nearly $800 million,...

Christian Encila 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano price news

Cardano Flashes Major Buy Signal—$1.90 Target Unleashed

Jake Simmons 19 minutes ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

Sandra White 1 hour ago
BTC (1)

Η Bitwise προβλέπει Bitcoin στα $200.000 λόγω της αυξημένης ζήτησης από επενδυτές

Ανθή Ντόνκοβα 2 hours ago

Premium Sponsors

Press Releases

  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    2 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    3 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    4 hours ago
  • Bitcoin Hyper

    ...

    7 hours ago
  • BTC breaks through $122,300, GoldenMining users earn...

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.