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Miners have this role to play in pushing Bitcoin’s price above $70K
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Bitcoin has seen its own share of ups and downs since the beginning of this year. In fact, it massively rallied over the course of the year’s first few months, before becoming a victim of May’s flash crash. It later consolidated for a couple of months before gradually, inching higher again.
Of late, however, the asset’s price has remained indecisive. Right after hitting a high of $69k on 10 November, the cryptocurrency started shedding value. It went on to fall to a level as low as $62.2k on 12 November, before recovering somewhat.
At press time, the king coin was trading around $65k, following a 1.7% hike on the daily timeframe.
Well, as soon as the price starts hiking, selling pressure sneaks into the market. Weak hands begin to realize
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