Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits
- Bitcoin Hash Ribbon indicator shows 8% rise in miner activity since last difficulty drop.
- This suggests Bitcoin miner capitulation may be ending; BTC price currently near $103k.
- While a positive sign, Hash Ribbon needs >15% recovery to confirm strong bullish BTC trend.
A recent X post highlights an important observation in Bitcoin’s mining landscape, mainly the Hash Ribbon indicator that shows an 8% increase in miner activity since the last difficulty drop.
While the chart suggests a recovery from miner capitulation, it hasn’t yet reached the >15% threshold typically associated with a strong bullish trend confirmation for Bitcoin (BTC). The Hash Ribbon chart shows historical patterns where miner capitulation (red bars) often precedes price bottoms, with a recent 5-month recovery period implying Bitcoin’s price may be stabilizing around its current price at approximately $103k.
Is Bitcoin Miner Capitulation Over? Hash Ribbon Indicator Analysis May 2025
This year, there have been several Bitcoin mining-related happenings. For instance, in February, Bitcoin’s mining difficulty reached an all-time high of 114.7 trillion, following a 5.6% upward adjustment.…
The post Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits appeared first on Coin Edition.
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Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits
- Bitcoin Hash Ribbon indicator shows 8% rise in miner activity since last difficulty drop.
- This suggests Bitcoin miner capitulation may be ending; BTC price currently near $103k.
- While a positive sign, Hash Ribbon needs >15% recovery to confirm strong bullish BTC trend.
A recent X post highlights an important observation in Bitcoin’s mining landscape, mainly the Hash Ribbon indicator that shows an 8% increase in miner activity since the last difficulty drop.
While the chart suggests a recovery from miner capitulation, it hasn’t yet reached the >15% threshold typically associated with a strong bullish trend confirmation for Bitcoin (BTC). The Hash Ribbon chart shows historical patterns where miner capitulation (red bars) often precedes price bottoms, with a recent 5-month recovery period implying Bitcoin’s price may be stabilizing around its current price at approximately $103k.
Is Bitcoin Miner Capitulation Over? Hash Ribbon Indicator Analysis May 2025
This year, there have been several Bitcoin mining-related happenings. For instance, in February, Bitcoin’s mining difficulty reached an all-time high of 114.7 trillion, following a 5.6% upward adjustment.…
The post Hash Ribbons Show Bitcoin Mining Recovery, But Bullish Confirmation Awaits appeared first on Coin Edition.
Read More
Bahrain’s Al Abraaj Group Adopts Bitcoin for Corporate Treasury with 10X Capital