Bitcoin's mining difficulty has reached its highest level in 14 months

At the same time, bitcoin needs to show its bear market intentions as the time is approaching when macroeconomic price bottoms historically form for one reason or another.

Closing the weekly candle at just above $19,400 also came as no surprise, though it proved to be bitcoin's highest since mid-September. If you had said that to a hamster a year ago, you would have been laughed at. Now it's a lucky close of the week.

On weekly BTC/USD timeframes, things are arranged in such a way that a cluster of candles continues to form, in which the market hardly moves up or down - and this is a classic sign that volatility is going to take place.

Or the calm before the storm, to put it more simply. According to current estimates, bitcoin's mining difficulty should add 13% on October 10 - the biggest gain since August 2021 - and could quickly lift it to new all-time highs.

Again, these are the only predictions we have compiled for you, our dear friend. It's up to you to act on them.

And yes, you do not have to worry about the bitcoin price! You can always subscribe to Moni Alpha Reports to be the first to know about the earliest great projects - subscribe.