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Par For The Course: Bitcoin Difficulty Drop Actually A Bullish Sign | BitcoinLinux
Bitcoin has once again found itself caught within a bout of consolidation as it ranges sideways above its key near-term support level at $8,700. Despite BTC’s recent sell-off that sent it reeling below $9,000, the cryptocurrency’s bulls have been able to defend this support level, which may be a bullish sign. Although there are analysts that anticipate Bitcoin to see further downside in the near-term, it is imperative to note that one prominent analyst is now pointing to Bitcoin’s mining difficulty adjustment as a sign that another major bull run is imminent. Bitcoin Trades Sideways as Analysts Anticipate Further Near-Term