Bullish hashrate traders expect Bitcoin’s price to go up over next six months

Hashrate forwards signal bullish sentiment as analysts predict higher hashprice in the next 6 months, buoyed by Bitcoin’s $70,000 rally despite challenges.

Hashrate futures contracts traders seem optimistic about Bitcoin‘s near-term prospects, with indications pointing towards a bullish sentiment as future hashprice quotes persist above spot price.

Analysts at Hashrate Index wrote anticipate a rise in hashprice over the next six months, saying in an X post that traders expect the difficulty to stagnate, while transaction fees to increase “and/or Bitcoin’s price to go up.”