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.