High Hash Rate May Bolster Bitcoin Bulls Despite Near-Term Bearishness

After incurring a sudden influx of buying pressure that sent Bitcoin’s price surging to highs of nearly $10,500, BTC has been unable to maintain its upwards momentum and has now retraced back towards its key support level at $10,000.
Bitcoin’s fundamental strength has remained strong in spite of this lackluster price action, which may be a more important metric to gauge which direction BTC is going to trend next over its near-term price action.
Bitcoin Hash Rate Surges as Price Range