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Bitcoin Miners Capitulating Signals Possible Price Rally Soon

Published by
Mustafa Mulla

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 it’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 Bitcoin’s price will soon rise.

Mustafa Mulla

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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