BTC vs Hash Price Signal (Patreon)

Cool chart from Crypto Quant.

• BTC Price (Black Line): Shows the market price of Bitcoin over time.

• Hash Price (Orange Line): Shows how much money miners make for their work.

History

• The chart shows times (marked in blue) when the hash price dropped a lot, often when Bitcoin's price was at its lowest.

• After these drops, Bitcoin's price usually goes up a lot if history repeats.

Why Low Hash Price Could Be a Buying Opportunity

• In the past, low hash prices have happened when Bitcoin was at its lowest, suggesting a good time to buy before the price recovers.