Bitcoin Price-to-Mining Difficulty Ratio Mirrors Past Bear Cycles, Analyst Says
An analyst known as Killa notes that the current Bitcoin price-to-mining difficulty ratio repeats patterns seen in previous bear markets, suggesting the capitulation phase is a clear accumulation signal. He forecasts the final cycle low may come later amid a stock market correction, with the bear market bottom forming by year-end.
Analyst Killa observes that the current ratio of Bitcoin's price to its mining difficulty is replicating patterns from earlier bear cycles. In his view, the phase of miner capitulation provides the clearest signal for accumulating BTC.
Killa suggests that the ultimate low of the current cycle may be updated later, potentially triggered by a correction in equity markets. He projects the bear market bottom will form by the end of this year, aligning with historical precedents.
Source: ForkLog