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An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week

Published 07/05/2021, 04:21 AM
Updated 07/05/2021, 06:00 AM
An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store?

With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of strength, but old resistance levels remain in place.

S&P 500 1-day candle chart. Source: TradingView
Bitcoin difficulty 7-day average chart. Source: Blockchain.com
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD annotated chart with “death cross.” Source: Rekt Capital/Twitter
Bitcoin volume data chart. Source: CryptoQuant
Crypto Fear & Greed Index 1-month chart. Source: Alternative.me

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