A report by Golden Finance suggests that the divergence between Bitcoin's price and its hash rate, or the total computing power of the network, could lead to a price surge for the largest digital asset.

Historically, these divergences have only occurred a few times in the past three years. In some instances, Bitcoin's price bottomed during these events, followed by a rebound as the market caught up with the rising hash rate. The hash rate of Bitcoin's network fluctuates depending on how many miners' computers are online verifying transactions.

Consistent with this pattern, Bitcoin has shown signs of a recovery, rising by approximately $9,000 since hitting a bottom on September 6th. This divergence between Bitcoin's price and its hash rate began to form in July and continued into early September when the network's computing power reached a record high of 693 EH/s on the seven-day moving average, while Bitcoin's price hovered around $54,000.