Bitcoin's price reached $86,960 today as VanEck analysts Matthew Sigel and Patrick Bush highlighted a 4% decline in Bitcoin's 30-day hash rate average, marking the largest drop since April 2024. Historical trends indicate that Bitcoin often experiences strong returns following such declines. When the 90-day hash rate growth is negative, there is a 77% probability of a positive return over the next 180 days, with an average gain of 72%. This hash rate drop may signal a potential recovery phase for Bitcoin, according to price prediction models.