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Seven consecutive adjustments in mining difficulty indicate this for Bitcoin
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Bitcoin mining operations are on the path to full recovery, following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues.
Analysts have expressed the same in the past, i.e. both the hash rate and mining difficulty are both on a “consistent path to recovery.”
According to data from BTC. com, the prime cryptocurrency recorded positive statistics for mining difficulty.
Source: BTC.com
The most recent adjustment saw BTC mining difficulty reaching above the 20T mark. As mentioned above, it continued an impressive series of seven consecutive positive adjustments. At press time, it stood at 20.08T (+0.95%).
Why is this bullish? Well, firstly, the green signal series seen above
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