The most recent pattern within the Bitcoin “hash ribbon” indicator has simply shaped a sample that has traditionally been a purchase sign for the crypto.
Bitcoin Hash Ribbon Purchase Sign Goes Off As Miner Capitulation Comes To An Finish
As defined by an analyst on Twitter, the BTC miner capitulation section appears to have ended at this time after occurring for 71 days.
Earlier than making an attempt to know what the “hash ribbon” indicator does, it’s finest to first check out the “hashrate” metric.
The hashrate is…