Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs.
Bitcoin (BTC) is printing a fresh “buy opportunity” as miners face ongoing profitability struggles.
In one of its Quicktake blog posts on Aug. 30, onchain analytics platform CryptoQuant suggests that BTC price action is already near long-term lows.
Long-term Bitcoin metrics continue to buoy the bullish narrative this month — despite both miners and hodlers getting squeezed.
