Bitcoin mining difficulty risks biggest dip since 2022 as BTC price eyes $60K

Bitcoin (BTC) threatened a $61,000 breakdown on May 9 as familiar trendlines got a fresh support test. BTC price keeps up pressure on bull market support Data from Cointelegraph Markets Pro and TradingView followed BTC price moves as it slowly ground lower to erase a week’s upside. While taking order book liquidity via low-timeframe volatility, BTC/USD lacked upside impetus overall, and now, the 100-day simple moving average (SMA) and short-term holder realized price (STH-RP) were back on the radar. As …