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Bitcoin is beginning to show signs of a potential reversal after experiencing a prolonged bearish trend. Although the cryptocurrency remains below $85,000, it has recorded a 2.6% increase, with its price currently at $83,510.
Despite this short-term uptick, Bitcoin is still down by roughly 7.5% over the past week, reflecting a continued downtrend. Regardless of Bitcoin’s price struggles to regain higher levels, CryptoQuant analyst Avocado Onchain has identified a notable trend in BTC mining activity.
Rising Bitcoin  Mining Difficulty and Miner Holding Strategy
According to Avocado Onchain, Bitcoin’s mining difficulty has remained in an uptrend even as the market undergoes a 30% correction. The analyst wrote:

During the extended correction phase that began in March 2024, mining difficulty saw a temporary drop, leading some to speculate that it resembled the end of the 2021 cycle. However, contrary to those predictions, Bitcoin’s price rebounded sharply. Although it

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