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Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges – Will BTC Break $117K?

Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges — Will BTC Break $117K?

Bitcoin’s hash price, the community’s combination computational energy, reached a milestone of 1.12 billion TH/s on September 12, in keeping with Bitinfocharts data.

The community problem, which measures the computational complexity required for miners to find new blocks on the blockchain, is on monitor to achieve a file peak of 136.04T

Market analysts now suggest that Bitcoin is positioned to beat its 3-week-long resistance degree at $117K.

Record Bitcoin Hash Rate and Fed Rate Cut Could Trigger $117K Breakout

An rising hash price reveals elevated computational sources being allotted to Bitcoin mining.

Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges — Will BTC Break $117K?
Source: Bitinfocharts data

This usually displays elevated miner confidence, as they primarily wager that Bitcoin’s future valuation will warrant their {hardware} and power prices, and it additionally rises proportionally with the hash price

According to CoinWarz, the upcoming problem adjustment is projected for September 18, 2025, with present estimates indicating a 6.38% improve to 136.04T.

Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges — Will BTC Break $117K?
Source: CoinWarz

With the Federal Reserve’s extremely anticipated rate decision scheduled for September 17 and risk-on markets anticipating a 25-basis-point discount, investor sentiment on a Bitcoin $117k breakout now leans optimistic.

This perspective aligns with miner reserves climbing to a 50-day peak of 1.808 million BTC on September 9, in keeping with CryptoQuant data, suggesting miners are sustaining their holdings slightly than liquidating.

Similarly, crypto analyst Avocado Onchain identifies a elementary shift in mining conduct and Bitcoin community resilience.

Examining the Miners’ Position Index (MPI), spikes have traditionally emerged underneath two circumstances, that are pre-halving intervals when miners tactically scale back holdings, and late bull market phases after they promote aggressively into contemporary retail capital.

Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges — Will BTC Break $117K?
Source: CryptoQuant

The current cycle reveals a contrasting sample, though some pre-halving distribution is apparent, as the extraordinary late-cycle liquidations stay notably absent.

This reveals that ETF inflows and Bitcoin’s adoption as a strategic treasury asset by main economies could also be reshaping mining methods. They appear to be transitioning from short-term liquidation towards long-term accumulation.

The analyst additional emphasizes that mining problem has achieved an all-time high, with its progress trajectory forming the attribute “Banana Zone” of steep will increase.

Bitcoin Technical Analysis: Bulls Challenge $117k Resistance Wall

Bitcoin analysts have identified $117,200 as the important thing resistance degree for the value to beat, which corresponds with a CME hole.

Should BTC decisively reclaim this threshold, pathways towards new all-time highs above $124k would emerge.

In the occasion of rejection, BTC may retreat to month-to-month lows with liquidity concentrations across the $108K-$112K vary.

The FOMC assembly approaches subsequent week, with a 25-basis-point price reduce anticipated.

Market path will hinge on Powell’s commentary and the Fed’s perspective on inflation and employment metrics.

If Powell emphasizes inflation considerations, BTC would possibly decline to check the $112k liquidity zone.

Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges — Will BTC Break $117K?
Liquidity Zone. (Source: Coinglass)

From a technical perspective, the Bitcoin 4-hour chart shows value recovering inside a buying and selling vary following a number of unsuccessful makes an attempt to maintain ranges above the $119,000 resistance space.

The wedge formation that beforehand supported the upward pattern has now deteriorated, with repeated false breakouts confirming promoting stress at elevated ranges.

Source: TradingView

The value presently trades round $115,400, which is close to the vary’s higher restrict, the place resistance has traditionally prompted corrections.

With assist established round $107,700, the chart signifies a possible rejection at present ranges, favoring a decline towards the vary’s decrease boundary until consumers obtain a convincing breakout above $119,000.

The publish Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges – Will BTC Break $117K? appeared first on Cryptonews.

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