NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Don’t Long Bitcoin Now Says Investor as Miner Capitulation Reaches Day 27

Joseph Young
Joseph Young
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off.

Bad idea to long dropping bitcoin hashrate

During miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining market sentiment.

Large miners have bigger capital and long-term commitments. As such, the capitulation often only impacts minor miners.

Still, Charles Edwards, head of digital asset management at Capriole, said that it is a bad idea to long bitcoin while its hashrate is on the decline.

bitcoin miner capitulation
Longing during bitcoin miner capitulation is not a good idea

Bitcoin is in a favorable range for investors to accumulate. It is down by more than half from its yearly high and the mid-$6,000 area has been a region of high trading activity since 2018.

But, it is risky to enter a position amidst miner capitulation because it has the potential to drop to much lower support levels in a short period of time.

Considering the intensity of the drop of bitcoin throughout the past three months and the lack of a response from bulls, many traders believe BTC could drop to any of the lower support levels.

Is it too early to conclude miner capitulation is occuring?

Based on data from Blockchain.com, the bitcoin hashrate has been hovering at 80 exahash since October.

Although it has not declined significantly in the last quarter of 2019, it has not increased like it did throughout the year.

Due to variance and other factors, it is difficult to determine whether hashrate is increasing or on the decline in the short-term.

Bitcoin hashrate
Bitcoin hashrate struggle to increase in late 2019 (Source: Blockchain.com)

Historically, the hashrate of BTC has shown a gradual increase overtime. With that in mind, the lack of growth of the dominant cryptocurrency’s computing power in recent months is a troubling sign of dropping market sentiment.

Halving won’t have an immediate effect

As said by prominent investors like Jason Williams at Morgan Creek Digital, the block reward halving in May 2020 is unlikely to have an immediate effect on the bitcoin price.

The historical performance of bitcoin indicate that it takes on average six months to a year for the halving to have any noticeable impact on the BTC price.

With no imminent catalysts on the horizon, the pullback of BTC could continue especially if selling pressure intensifies with the sell-off of miners.

Tweet123Share237ShareSend
Joseph Young
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP 청산 공포 속 ‘대안 알트’ 어디로? 지금 눈여겨볼 코인 5선

XRP 청산 공포 속 대안 알트? 지금 눈여겨볼 코인 5선

$XRP의 시간당 청산 불균형이 갑자기 4,455% 치솟으며, 814만 달러 규모의 매수 포지션이 순식간에 증발했다. 시장 역시 그 충격을 고스란히 체감하고 있다. 이번 급격한 반...

Soyeon Lee 2 hours ago
gemini ai dogecoin price prediction

Πρόβλεψη τιμής Dogecoin από το Gemini: Το AI δείχνει τον Maxi Doge ως το επόμενο crypto που θα εκτοξευθεί

Η αγορά των meme coins φαίνεται έτοιμη για νέα άνοδο, και αυτή τη φορά, η προσοχή στρέφεται ξανά στην πρόβλεψη...

Ιωάννης Ριζόπουλος 3 hours ago

Le Riserve in Ethereum delle Aziende Potrebbero Rappresentare un Possibile Cambio di Rotta?

Le riserve in Ethereum delle aziende segnalano un possibile cambio di rotta del mercato — ecco perché Le riserve di...

clararosati 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin peste 126.000$: pre-vânzările atrag tot mai multe investiții

antonio 21 minutes ago
Prévision de Charles Hoskinson : ADA 3 $ et BTC 250 K $ en 2026, jalons à surveiller

Charles Hoskinson fait une prévision de prix Cardano à 3 $, et Bitcoin à 250 000 $ en 2026

guillaumev 1 hour ago
Bitcoin

Why The Bitcoin Price Might Never Drop Below $100,000 Again

Scott Matherson 1 hour ago

Premium Sponsors

Press Releases

  • Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a 2021-es SHIB óta, amelyről azt jósolják, hogy 2025-re 24 080%-os hozamot (ROI) érhet el

    Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a...

    46 minutes ago
  • Predicția prețului Pepe: un analist vede un potențial de creștere de 13 ori până în 2026 și un token care îți permite să-l minezi

    Predicția prețului Pepe: un analist vede un potențial de...

    59 minutes ago
  • Prognóza ceny Pepe: Analytik predpovedá 13-násobný nárast do roku 2026 a jeden token umožňuje jeho ťažbu

    Prognóza ceny Pepe: Analytik predpovedá 13-násobný...

    3 hours ago
  • ドージコイン 今後:ミームコイン急騰で1ドル到達への期待高まる

    ドージコイン...

    3 hours ago
  • Trader Shiba Inu Wskazuje Najbardziej Byczy Coin Od Czasów SHIB w 2021 Roku – Przewidywany Zwrot 24 080% w 2025

    Trader Shiba Inu Wskazuje Najbardziej Byczy Coin Od Czasów...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.