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today well be talking about the hash rate and what that means for the Bitcoin price moving forward this blue and purple line represent the hash rate 30-day moving average and the hash rate 60-day moving average the purple line being the 60 day the Blue Line being the 30 day right now we are at an all-time high for the hash rate we have the highest Bitcoin mining difficulty ever with the Bitcoin price sitting at the December 2017. levels if we look back to 2017 we had a price of 19 000 with a hash rate on the 60-day moving average of 10 million today were sitting at a price of 16 000. with a 60-day moving average for the hash rate of 259 million so same price actually a lower price with about 25x the difficulty on the hash rate in these dark pink regions right here this represents minor capitulation this is when the 30-day moving average moves below the 60-day moving average along with the price of Bitcoin falling these uh lighter pink areas represent the 30-day moving above the 60 d