Will BTC mining get more difficult? Here’s what this analyst says

BTC continued to push to break back into the $24,000 price region. BTC price trended above DRM as more miners joined the network. Although Bitcoin’s [BTC] price could not break over the $23,000 resistance zone, the network’s block production difficulty has continued to rise steadily. However, it had rebounded and was reattempting a test at […]

BTC price trended above DRM as more miners joined the network.price could not break over the $23,000 resistance zone, the network’s block production difficulty has continued to rise steadily. However, it had rebounded and was reattempting a test at the $24,000 price range at press time, according to the examined daily period chart.It was trading at about $23,900 as of this writing, with a value rise of approximately 3%.

The lengthy Moving Average , located slightly below the price movement, also served as a support area at about $19,600. Yet, because of the rise in Mining Difficulty, investors and miners may not want Bitcoin to revert.According to a Glassnode analyst on 28 February, regardless of BTC’s fall, it was still higher than the Difficulty Regression Model indicator.. The value reflects an estimated production cost, which is $21,100.

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