Bitcoin (BTC) is now watched by everyone aiming to fulfill the expectations of a renewed upward run starting in October. The asset is stuck in the middle, not giving grounds for clear predictions. BTC prices hover around the $6,500 range, with analysts seeing options for both a continued progress or a sinking back to $3,000 or even in the extreme, $1,000.
There is one bullish indicator - the hashrate of Bitcoin, which has expanded to 57 EH/s, repeating the record from the end of August. The levels of $6,500 and even as low as $6,000 are seen as viable for many mining farms. However, it is difficult to estimate which farms are going online, and whether the growth of mining would continue.
This article appeared first on Cryptovest
