BTC/USD has a clear path till $4,500 if bulls can get over the resistance at $4,075. Bitcoin hash rate surge past 52 quintillion hashes per second which is a 4 month high. BTC/USD has a clear path to $4,500 as per the daily confluence detector. The bulls only need to get over the resistance level at $4,075. There is a lot more optimism in the market as Bitcoin’s hash rate surged past 52 quintillion hashes per second which is a four-month high. Since mining difficulty has changed little for the last month or so, new miners have had a far easier time. Casa CTO Jameson Lopp tweeted: “Hashrate follows price. Some folks believe price follows hashrate, possibly because hashrate doesn’t simply track ~spot~ price, but rather tracks some ~speculative~ future price. Miners are speculators too!” BTC/USD daily confluence detector The only significant level of resistance lies at $4,075 which has a confluence of – 10-day simple moving average (SMA 10), 15-min previous high daily Bollinger band upper curve, hourly Bollinger band upper curve, hourly previous high, 15-min Bollinger band upper curve, 4-hour previous high, and daily previous high. There are multiple levels of support which lie at $3,975-$4,025, $3,960, $3,850, and $3,745. The confluences at those levels are: $3,975-$4,025: 15-min Bollinger band lower curve, hourly previous low, SMA 50, daily 38.2% Fibonacci retracement level, SMA 10, 4-hour Bollinger band upper curve, daily 23.6% Fibonacci retracement level, SMA 5, 15-min Bollinger band middle curve, 15-min previous low, SMA 50, SMA 200, daily 61.8% Fibonacci retracement level, weekly 161.8% Fibonacci retracement level, weekly pivot point resistance 2, hourly Bollinger band middle curve, 4-hour previous low, hourly Bollinger band lower curve, daily pivot point support 1, and monthly 23.6% Fibonacci retracement level. $3,960: SMA 10, daily pivot point support 2, SMA 200, SMA 50, and 4-hour Bollinger. $3,890: Monthly 38.2% Fibonacci retracement level, weekly 61.8% Fibonacci retracement level, and daily Bollinger band middle curve. $3,825: Weekly 23.6% Fibonacci retracement level and weekly pivot point support 1. $3,745: Daily Bollinger band lower curve, SMA 50, and weekly pivot point support 2. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Moody’s says lower growth targets of Chinese RLGs reveal significant regional disparities – Reuters FX Street 4 years BTC/USD has a clear path till $4,500 if bulls can get over the resistance at $4,075. Bitcoin hash rate surge past 52 quintillion hashes per second which is a 4 month high. BTC/USD has a clear path to $4,500 as per the daily confluence detector. The bulls only need to get over the resistance level at $4,075. There is a lot more optimism in the market as Bitcoin's hash rate surged past 52 quintillion hashes per second which is a four-month high. Since mining difficulty has changed little for the last month or so, new miners have had a far… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.