Bitcoin is limited in number and trust grows over time, young people are now born in a society where the Internet is pervasive and smartphones are everywhere. So cryptocurrencies are an inevitable trend. During Q1 of 2023, BTC hash rate and mining difficulty continued to increase. Recently, the mining difficulty has peaked. (Graph below) Miners can lose their mining profits (it costs more to mine 1BTC), putting financial pressure on them. However, the selling activities of miners have not been observed. => Conclusion: The increasing confidence of miners in the market confirms that the 2024-2025 season will be a super strong growth season for Bitcoin. (The team of miners is one of the biggest whales in the market) – Can you guess what the closing price of Bitcoin in December 2023 is
Source: Collector
