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Bitcoin Difficulty & Price prediction
by
hugeblack
on 18/05/2020, 17:24:01 UTC
⭐ Merited by El duderino_ (2)
I have read some of the comments linking prices with the difficulty and did a quick research in an attempt to predict price behavior in the coming days and this was the result:

 
         Date                                   Difficulty                                 Change             Price Change
 - 2020-03-26 04:51:46   13,912,524,048,945 - 13.91 T          - 15.95 %            From 6700 to 5900 (4 Days)
 - 2020-02-25 10:28:42   15,486,913,440,292 - 15.49 T          - 0.38 %            From 9600 to 8500 (6 Days)
 - 2019-12-05 22:02:25   12,876,842,089,682 - 12.88 T          - 0.74 %            From 7200 to 6500 (13 Days)
 - 2019-11-08 01:30:36   12,720,005,267,390 - 12.72 T          - 7.10 %            From 9200 to 8047 (Next Dif)

Sources:
 
 - https://coinmarketcap.com/currencies/bitcoin/
 - https://btc.com/stats/diff

What I would like to say is that the decrease in difficulty gives us an indication that the price may fall in the next two weeks.

The current difficulty is at 16,104,807,485,529.00[1] and it is expected to decrease in the next change by about -3.86%[2], so I expect to notice a decrease in the price between the date of 19 May to the first of June.

I may bet on levels of $ 7000 to $ 8,400. Cheesy

[1] https://www.coinwarz.com/mining/bitcoin/difficulty-chart
[2] https://diff.cryptothis.com/