BTC price eyes $40K amid record hash rate — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next?

BTC price action has held higher after spiking above $38,000 last week, but since then, a testing “micro-range” has left bulls and bears locked in battle.

Whether a deeper retracement will come or a trip to $40,000 will leave naysayers behind is now the key short-term question for market participants.

Coming up over the next few days are various potential catalysts to help effect trend emergence for Bitcoin, while underneath, there are mounting signs that the market is due a boost.

Volatility is set to come at the hands of the monthly close later on, but before then, a host of…

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