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Bitcoin Mining Difficulty Hits 100 Trillion For First Time As Key On-Chain Metric Turns Bullish — Is $120,000 Nigh?

  • Bitcoin's mining difficulty reached an all-time high of 101.65 trillion, while hash rate hits a record.
  • A key technical indicator, MVRV, suggests Bitcoin's parabolic rally towards $120,000 is on track.
  • The MVRV indicator surpassed the 365-day average and is above the 4-year average, indicating an upward trend.
  • Bitcoin's mining difficulty hitting a new ATH is considered positive as it strengthens the network.

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