Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges – Will BTC Break $117K?

Bitcoin’s hash rate, the network’s aggregate computational power, reached a milestone of 1.12 billion TH/s on September 12, according to Bitinfocharts ￰0￱ network difficulty, which measures the computational complexity required for miners to discover new blocks on the blockchain, is on track to reach a record peak of 136.04T Market analysts now suggest that Bitcoin is positioned to overcome its 3-week-long resistance level at $117K. Record Bitcoin Hash Rate and Fed Rate Cut Could Trigger $117K Breakout An increasing hash rate shows increased computational resources being allocated to Bitcoin mining.), spikes have historically emerged under two conditions, which are pre-halving periods when miners tactically reduce holdings, and late bull market phases when they sell aggressively into fresh retail capital.) September 12, 2025 The analyst further emphasizes that mining difficulty has achieved an all-time high, with its growth trajectory forming the characteristic “Banana Zone” of steep ￰1￱ Technical Analysis: Bulls Challenge $117k Resistance Wall Bitcoin analysts have identified $117,200 as the key resistance level for the price to overcome, which corresponds with a CME ￰2￱ BTC decisively reclaim this threshold, pathways toward new all-time highs above $124k would ￰3￱ the event of rejection, BTC could retreat to monthly lows with liquidity concentrations around the $108K-$112K ￰4￱ FOMC meeting approaches next week, with a 25-basis-point rate cut ￰5￱ direction will hinge on Powell’s commentary and the Fed’s perspective on inflation and employment ￰6￱ Powell emphasizes inflation concerns, BTC might decline to test the $112k liquidity ￰7￱ Zone.

() From a technical perspective, the Bitcoin 4-hour chart displays price recovering within a trading range following several unsuccessful attempts to sustain levels above the $119,000 resistance ￰8￱ wedge formation that previously supported the upward trend has now deteriorated, with repeated false breakouts confirming selling pressure at elevated levels.