Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. Bitcoin Hash Ribbons Flash Buy Signal According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin’s Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin’s hashrate reaching new all-time highs (ATH). Related Reading: Bitcoin Mining Giant Abandons Full-Hold Strategy, Unloads $40M In Crypto For the uninitiated, Bitcoin Hash Ribbons is an on-chain indicator that analyzes miner stress by comparing the 30-day and 60-day moving averages of Bitcoin’s hashrate. When the short-term average crosses above the long-term average after a period of decline, it signals that miner capitulation is ending – often marking a strong long-term buying opportunity. Such signals can emerge when mining becomes unprofitable for certain miners, forcing them to sell their BTC holdings to stay afloat. These sell-offs may temporarily pressure the pric ..
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