Post
Topic
Board Speculation
Re: Bitcoin Difficulty & Price prediction
by
exstasie
on 19/05/2020, 19:51:50 UTC
        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)

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.

Interesting observation. There is obviously some relationship between difficulty drops and downtrends but it's not as easy to trade as you think. For example the 3/26 difficulty drop did precede a drop in price, but it was only a small and short-lived correction in a much bigger multi-month bull trend.

It also may be significant that none of the above difficulty drops occurred after reward halvings. Those examples may not accurately characterize the hash rate dynamics we see today.