Bitcoin mining hashrate is an activity to make some money. it means that many still have positive hopes for the price and that they can make some profits if they add more new coins.
It will not contribute to the price increase because in the past it took more than months for the price to start increasing and more than 15 months to reach the top.
hashrate does not mean that the price will increase, it is an event to reduce the supply and influence the price over the coming years so that mining bitcoin reword reduce to has a fixed value.