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  • Mustafa Mulla
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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Bitcoin Miners Capitulating Signals Possible Price Rally Soon

CryptoQuant has recently highlighted a warning sign for Bitcoin’s market. The Hash Ribbons indicator, which monitors the health of Bitcoin mining by tracking changes in hash rates, is flashing again. This tool has been a reliable signal in the past, showing when itโ€™s a good time to buy Bitcoin, both for short-term and long-term investments. The only time it missed was during the market chaos caused by COVID-19. Each time the Hash Ribbons have appeared in the past, Bitcoin has experienced a price rally. With miners now showing signs of capitulation, many are wondering if Bitcoinโ€™s price will soon rise.

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