Bitcoin is navigating a highly volatile phase, with significant price swings dominating the market. After dropping to a low of $89,100 last week, the cryptocurrency staged a remarkable recovery, surging to a new all-time high (ATH) yesterday. While the price action leans bullish, uncertainty still clouds the market as traders assess whether BTC can sustain its upward momentum in the short term.
Top analyst Axel Adler shared valuable insights that highlight the long-term bullish outlook for Bitcoin. According to Adler, Bitcoin’s mining difficulty has been on the rise since August 2024, with quarterly difficulty changes increasing from negative values to an impressive +24%. This upward trend in mining difficulty reflects growing miner activity and confidence in Bitcoin’s long-term prospects. As more miners deploy advanced equipment,
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