While the Bitcoin mining difficulty has been on the rise in recent days, the downward trend continues throughout the cryptocurrency market. According to some opinions, the fact that the mining difficulty continues to rise despite the decline in the market may be a critical factor for the possibility of a reversal of the trend in the coming periods. Bitcoin mining difficulty reaches new heights Although it is known that there is no stable relationship between Bitcoin price and mining difficulty, there are also opinions that the increase in difficulty, which is an indicator that Bitcoin production activities continue rapidly, will indirectly affect the BTC price positively. With the increase in difficulty in the network, miners need to use more hash power to mine Bitcoin compared to previous periods. This may result in a reduction in selling pressure on the market price. How can record levels in mining difficulty affect the market? Although the increasing difficulty does not negatively affect the giant companies operating in the mining sector, the situation is slightly different for smaller enterprises. Small mining businesses are likely to suffer losses due to increased costs if the price of Bitcoin remains stable or falls while the difficulty increases. The latest situation in Bitcoin After the selling pressure from the Bitcoin miners wing eased, Bitcoin saw a short recovery towards $39,000. However, after this local peak, there was a new correction in Bitcoin and the back channel of the market. After visiting the $36.00 band yesterday after the February 2 decline, BTC closed the day at $ 37,311 with the pressure of the buyers towards the close of the day. It is seen that the biggest cryptocurrency, which continues in a positive trend today, is moving towards the $ 38,000 band in afternoon transactions. This positive momentum is spread across the market and the majority of altcoins are on the positive side today.