Bitcoin Hash Ribbons Flash ‘Buy’ Signal: Analysts See New Highs On The Horizon
Bitcoin (BTC) has recently shown renewed strength in its market stance, with positive signals emerging from key market indicators. This emerging positivity in BTC’s market indicators comes on the heels of the asset seeing a gradual recovery in price over the past weeks. Earlier today, BTC again came closer to the $70,000 mark with a 24 hour high of $69,217. However, the asset has since retraced with a current trading price of $68,644, up 1.6% in the past 24 hours. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 – Details Bitcoin Hash Ribbons Flash Buy Signal....
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On-chain data shows the Bitcoin Hash Ribbons are signaling that the miners are still under immense pressure as their capitulation continues. Bitcoin Hash Ribbons Are Yet To Signal End Of Miner Capitulation In a post on X, CryptoQuant community manager Maartunn has shared what the latest trend in the Bitcoin Hash Ribbons has been looking […]
Welcome to the first episode of NewsBTC’s all-new daily technical analysis videos. In the first episode, we are looking at Bitcoin price action using the weekly BTCUSD price chart. Specifically, this episode looks at Bitcoin’s “most profitable buy signal” in its entire history: the hash ribbons. In addition, we analyze weekly momentum using the logarithmic MACD to try to understand if a bottom could be in. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 22, 2022 All About The Hash Ribbons The Hash Ribbons were created by Bitcoin....
Bitcoin price has made a decent recovery from the lows put in around $28,888 and the yearly open, but still has ways to go to catch up the all-time highs. A buy signal could trigger just days from now, according to the creator of the tool – crypto expert and founder of Capriole Investments Charles Edwards. Not only is this buy signal significant, it has a reputation for being Bitcoin’s most profitable. Expert Says Generational Buy Signal Is In The Cards Over the last few months, Bitcoin experienced one of its largest bull market crashes on record – enough to get the market to....
Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000. An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signalling for buyers to enter the Bitcoin market.Hash ribbons post rare "blue dot"Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before previous....
After rising by more than 28% over the 16 days, the Bitcoin price was rejected at key resistance at $68,500 on Sunday. Since then, the BTC price is displaying a slight pullback, but according to Charles Edwards, the founder of Capriole Investments, investors can expect the bullish momentum to continue. Edwards shared the chart below and stated via X, “BREAKING: Hash Ribbon buy signal just fired.” Why The Bitcoin Hash Ribbons Matter This statement is significant, as the hash ribbons have historically been a reliable indicator, with an 84% accuracy rate in predicting....