Bitcoin Hash Rate Could See a “Small Capitulation” with Difficulty Set for New All-Time High

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© Reuters.

(BTC) set a new all-time high for hash rate last week, but opinions are divided on whether the upward trend can continue.

During a Twitter discussion (NYSE:) on March 21, Preston Pysh, host of the Investor Podcast, to the eyes behavior change in bitcoin hash tapes metric for signs of a new “lull” hash rate.

Bitcoin hash ribbons vs chart. Source: Glassnode
Chart of the Bitcoin difficulty 7-day moving average. Source: Blockchain

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