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BTC Price to Hash score

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Growing btc hashrate are associated with increasing btc price.
During speculative phase price growth is disproportionate to the hashrate.
On the opposite when the price fall to much in comparison to the hashrate, bitcoin could be undervalued.

This indicator identified 3 of 4 major tops and a lot of optimal buy opportunities.

Value under 0 signal overbought situations, value above 5.6 signal extremely oversold situations.

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Update hashrate source

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