News:
Bitcoin (BTC) mining difficulty just saw its biggest rise in six months and it's estimated it'll reach an all-time high in two weeks.
Bitcoin mining difficulty, a measure showing how hard it is to compete for mining rewards, just went through another adjustment, and the numbers were close to what was estimated yesterday, but still haven't reached that far. It went up 8.45%, thus reaching 15.96 T, short of 16.55 T discussed a day ago, but more than was estimated two weeks ago (5.65%).
Technical analysis:
BTChas been trading downwards as I expected. The price tested the level of $6,745 but I still see lots of potential for the downside.
Trading reccommendation:
Watch for potential selling opportunities on the rallies with the main downward targets at the price of $6,555 and $6,467.
MACD oscillator is still showin negative reading but the slow line did start to turn to the upside.
