Ethereum

2024

Bitcoin

Coin

<ul class="news-points">
 <li>Bitcoin’s price outlook is uncertain due to conflicting signals.</li>
 <li>The end of miner capitulation and rising hash rate are positive signs.</li>
 <li>Increased exchange inflows and Ethereum ETFs pose potential risks.</li>
</ul>
Bitcoin’s price trajectory is caught in a tug-of-war between bullish and bearish forces, according to crypto analyst Willy Woo. Woo points to positive signals like the end of miner capitulation and a rebounding hash rate, but warns of potential headwinds from increased exchange inflows and the launch of Ethereum ETFs.
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 Miners capitulation is over, it's one of the most reliable bullish indicators. Hash rate is recovering, the price and hash rate bottom coincided with upgrades to next gen hardware hitting the network. M66s went live last week. S21 Pros this week. Hash rate set to scream. <a href="https://t.co/By59bao5cN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/By59bao5cN</a>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1815590862711402842?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2024</a>
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Willy observed that the conclusion of miner capitulation is the initial bullish signal, often serving as a reliable indicator of favorable price movement. The recent rebound in <a href="https://coinedition.com/bitcoins-pressure-on-crypto-market-intensifies-ahead-of-fomc-decision/" rel="noopener noreferrer nofollow">Bitcoin’s hash rate</a>, coinciding with the introduction of new hardware upgrades, further strengthens this optimism.
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The post <a href="https://coinedition.com/bitcoin-hash-rate-surges-as-miner-capitulation-ends/" rel="noopener noreferrer nofollow">Bitcoin Hash Rate Surges as Miner Capitulation Ends</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Hash Rate Surges as Miner Capitulation Ends

Coin Edition

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