Can Difficult growth Blockchain Mining predict when will the Bitcoin price start a new race Bull?

Can the growth of mining difficulties increase when the price of the bitcoin will start a new rush to the bull?

It is not easy to predict the fluctuations in the virtual currency market. Cryptocurrencies it can suddenly float every single day. From the beginning of the current year, the crypto market is in a bearish trend that does not seem to be nearing its end. However, there is a table that would allow investors to have a better idea when they could start the next Bitcoin bull run.

This characteristic of the specific chart The price of Bitcoin and its development in recent years. However, it also shows graphs that indicate when the growth of bitcoin mining difficulty becomes negative.

Kevin Lu and Thejas Naval, of Element Digital Asset Management, said it is important to understand how bitcoin difficulty growth works.

On the question, they commented:

"Tracking the growth of bitcoin difficulties is an important indicator of how close we are to the breakeven threshold for the mining sector and whether we will experience a period when inefficient miners start to leave the grid."

They also said that the miners are leaving the network and that this could mean that a new race could soon start on the market. Although this is a real possibility, the bull market is not necessary to start in the near future. As they explain, it may take between 6 and 12 months with a flat or negative growth in difficulty for prices to change direction.

It is possible to see in the graphics that during this year, only twice have we seen that growth has become negative. In other bear markets, difficult growth has been negative more than twice.

When this happens, it means that the inefficient miners leave the network and increase the aggregate efficiency of the remaining miners. In this way, it is possible that the market has less sales pressure from the crypto-miners. In general, when the growth of the difficulty becomes negative, it does so when the market is generally low.

However, it is not possible to say that the market is touching the bottom or that a new bull run will begin in the coming weeks. But it allows investors to have an idea of ​​what has happened in the past and how it has affected the network.