Bitcoin Mining Difficulty Drops to 148.2T After Three Consecutive Reductions
- Mining Difficulty Adjustment: On December 11, Bitcoin's network adjusted mining difficulty down by 0.74% to 148.2T, marking the third consecutive reduction since the all-time high of 155.97T in late November, indicating a stabilization after rapid growth.
- Hashrate Remains Elevated: According to Glassnode, Bitcoin's global hashrate seven-day moving average is near 1.1 ZH/s, confirming strong network security despite profit pressures, with competition intensifying as hashrate approaches previous highs of 1.15 ZH/s recorded in mid-October.
- Profitability Constraints: Even with Bitcoin's price hovering above $90,000, mining returns remain limited, as hashprice struggles to exceed $40 per PH/s per day, putting pressure on operators facing rising energy costs, which impacts overall profitability.
- Solo Miner Success: Amidst this backdrop, a solo miner successfully mined block #927,474 on the Bitcoin network, earning a total reward of 3.133 BTC valued at $284,661, demonstrating that independent miners can still achieve substantial rewards in a highly competitive environment.
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Technical Analysis for T
Technical Sentiment Analysis for Threshold (T) As of , Threshold (T) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for T stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, T is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Threshold (T) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00343 | 0.00468 | 0.00603 | 0.00728 | 0.00863 | 0.00988 | 0.0112 |
| Fibonacci | 0.00468 | 0.00568 | 0.00629 | 0.00728 | 0.00828 | 0.00889 | 0.00988 |
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