Bitcoin Hash Rate Recovers as Analysts Target $7,200

Unfortunately for Bitcoin’s bulls, the cryptocurrency has been unable to post any sharp bounce after posting massive losses yesterday, which signals that buyers are currently sitting on the sidelines and that further losses may be necessary before buyers step in and propel BTC higher.
Bitcoin’s latest dip closely followed a massive drop experienced by the cryptocurrency’s hash rate, but this indicator posted a sharp recovery overnight, which could be a bullish sign. Despite thi