Bitcoin News

Bitcoin Hash Ribbons Flash Buy Signal, But This Time Comes With A Warning

3 hours ago

Bitcoin’s Hash Ribbons indicator has flashed anoth

Bitcoin’s Hash Ribbons indicator has flashed another buy signal, reviving a historically watched miner-capitulation setup. But according to crypto analyst Darkfost, the signal may require more caution this cycle as miner activity becomes increasingly exposed to energy shocks, geopolitical pressure and shrinking block rewards.

Bitcoin hash ribbon signals | Source: X @Darkfost_Coc

Bitcoin must overcome the 20-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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