Catenaa, Tuesday, September 15, 2025- Bitcoin’s hash rate surged to a record 1.12 billion terahashes per second (TH/s) on September 12, according to Bitinfocharts, underscoring growing miner confidence.
The network difficulty, which determines how hard it is to validate new blocks, is set to climb to an all-time high of 136.04T during the upcoming adjustment on September 18.
The milestone coincides with expectations for a Federal Reserve rate cut on September 17. Analysts suggest that easing monetary policy, combined with stronger network fundamentals, could help Bitcoin break its three-week resistance at $117,000. Current prices hover near $115,400.
Data from CryptoQuant shows miner reserves have climbed to a 50-day peak of 1.808 million BTC, indicating miners are holding rather than selling.
Analysts argue this signals a shift in strategy, driven by institutional inflows from exchange-traded funds and growing recognition of Bitcoin as a treasury asset.
Traditional late-cycle selloffs remain absent, suggesting longer-term accumulation.
Technical analysts point to $117,200 as a crucial resistance level linked to a CME futures gap.
A decisive breakout could clear the path to new highs above $124,000, while failure may send prices back toward liquidity zones near $108,000 to $112,000. Support remains firm at $107,700.
On shorter timeframes, charts show repeated false breakouts above $119,000 and a breakdown of wedge support, reinforcing selling pressure at higher levels.
Market direction now rests on the Fed’s comments on inflation and employment, which could sway Bitcoin either toward a bullish breakout or renewed correction.
