BTC price breakout talk returns as the popular hash ribbons indicator goes from "capitulation" to "buy" for the first time in 2024.
Bitcoin (BTC) should see an “explosive rally” next as miners exit their latest capitulation period.
The latest data from the hash ribbons indicator shows that the BTC price now in long-term “buy” territory for the first time since mid-May.
Bitcoin hash ribbons track two moving averages of hashrate — the estimated combined processing power miners dedicate to the network.
