Latest Update
2026-10-22 02:50 UTC

Bitcoin: Hashrate Rebounds With Miners at Full Capacity

Bitcoin: Hashrate Rebounds With Miners at Full Capacity

Ki Young Ju notes Bitcoin hashrate returning to an uptrend as miners run at full capacity, citing stronger security and indirect bullish signals from TradFi-backed public miners.

Source

Analysis

Ki Young Ju stated that Bitcoin hashrate has resumed its uptrend with miners operating at full capacity, which strengthens network security and reinforces its role as a store of value.

Public miners continue to attract backing from TradFi institutions, delivering an indirect bullish signal from institutional capital. Bitcoin trades at $82008.76 inside its Bollinger Bands on the 4h chart, with price testing the upper resistance at $84501.88 while the 50-EMA at $82573.72 and 200-EMA at $82139.46 act as overhead resistance in a bearish structure; the neutral RSI at 44.54 and MACD death cross at 247.37 suggest a likely retracement toward the lower band support near $80885.06 before any sustained continuation.


Ki Young Ju

@ki_young_ju

Founder & CEO of CryptoQuant.com