Alpha Boubacar DiabyDec 26, 2021 · 3 years ago5 answers Can the hash rate chart of Bitcoin be used to predict its future price movements?
Is it possible to use the hash rate chart of Bitcoin as a reliable indicator to predict the future price movements of the cryptocurrency? How closely correlated are the hash rate and the price of Bitcoin? Can the hash rate be considered a leading indicator for price trends? Are there any limitations or factors that need to be taken into account when using the hash rate chart for price predictions?