Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow.
By all accounts, Bitcoin has had quite a tumultuous year. After starting the year more than 80% down from its all-time high, BTC recovered significantly before once again losing several thousands of dollars in value.Source link hereFor me, I think this could be another "unsure" prediction or analysis.
Although the hashrate of Bitcoin has increased significantly, this isn't guaranteed that Bitcoin will be having a big bull run when halving draws near. Remember that there are still scammers out there like PlusToken, lurking from the shadows, waiting to strike when BTC moons, then they dump a lot of their assets to bring the market down again.
I can't be sure if the increased hashrate of Bitcoin would really become "bullish" because the market today is so unpredictable. What do you guys think?
Many are expecting for the bull run as bitcoin halving occurs but still we cannot really be certain about it. As you've said, the market is very confusing up until today and we cannot predict any sure thoughts on what may happen next tomorrow. The best thing we can do for now is to just rely on our faith with bitcoin. We need to be more optimistic and believe that bitcoin will soon get its high value back and focus on how we can make our investments work if ever things goes according to our plan or not so we can get the best results possible.