Bitcoin's mining difficulty continues to rise despite a market correction, indicating resilience in the broader uptrend. During the correction phase starting March 2024, mining difficulty briefly dropped, sparking speculation reminiscent of the 2021 cycle's end. However, Bitcoin's price rebounded sharply, and mining difficulty remains on an upward trajectory. Typically, a decline in mining difficulty signals miner capitulation, yet no such behavior is evident. The Miner Position Index (MPI) showed selling activity in November 2024, but miners are holding firm. These indicators suggest patience is warranted as the uptrend remains intact.
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