Bitcoin price drops with hash rate

Mimesis Capital: Inside The Event Horizon, Report No. 17

Why Hash Ribbons Predict Local Bitcoin Funds So Accurately

Theory: When the price of bitcoin reaches a certain level, the selling pressure begins to disappear exponentially.

Bitcoin mining is a ruthless industry. In the long run, only the most efficient mining companies will survive.

The mining industry’s tendency to attract a great deal of competition combined with the simplicity and beauty of the Bitcoin protocol could give us a method of predicting local “floor prices” for bitcoin.

Halves

Blockware Solutions, a bitcoin mining company, released a detailed report last year on how halves directly affect miners and how much selling pressure is removed from the market after the halving.

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