Bitcoin Holds Steady While Hash Rate Records New Highs; $125K Target Within Reach

Despite recent price consolidation, Bitcoin’s underlying strength is evident in its record-breaking hash rate. This surge, reaching new all-time highs, points to a growing miner confidence and long-term bullish sentiment about the cryptocurrency’s future value. While some traders hold back as they await further price direction, the network’s power continues to climb, signaling an even stronger foundation for potential price growth. This divergence between price action and network activity is noteworthy for both short-term and long-term investors. Analysts are watching closely to see if this upward momentum will lead to a breakout.