BitcoinLong
BITCOIN HASH RATE UNDER CONTROL OF SOMEBODY-POSSIBLE EXPLANATION
Look:
1. Still continue a extraordinary rising of HASH Rate... (2.5x the normal activity, who have switched on all this mining power ???)
2. Price is decresing.. slowlly.. effect of the HASH Rate
3. Mining machine is not selled anymore, this means that a normal person can't gain from them, how have one in past take it switched off because the power is too low; at today who hash is looking at a rising price for tomorrow
All this mining power is concentrated to somebody!
=
SCENE1: if all this mining power is switched off immediatly, we can see a upper breakout directly over 1000$
SCENE2: they have power to continue increasing the HASH Rate, bitcoin continue to slowly falling, i think a good breakout level is about 3x-5x the normal HASH Rate (before NOV 2015), i think they can wait for a FIAT problem (BCE/FED) on real world before decide to switch off this manipulated HASH Rate power.
DISCALMER: This is my personal opinions and it's not intended as a advisor to buy/sell bitcoins
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.