One Of Bitcoin’s Most Reliable Buy Signals Just Flashed

The Hash Ribbon indicator—an on-chain metric designed to identify periods of miner capitulation and subsequent recovery—has just issued a bullish signal for Bitcoin. Several well-known figures within the BTC community highlighted the event through posts on X , suggesting that the signal could mark a turning point in the market. The Ultimate Bitcoin Buy Signal? First introduced by on-chain analyst Charles Edwards, the Hash Ribbon relies on two moving averages (commonly the 30-day and 60-day averages of Bitcoin’s hash rate) to determine when mining difficulty and hash power may have capitulated and begun to recover. Traditionally, a “buy” signal is triggered once the 30-day MA crosses decisively above the 60-day MA, indicating that any period of miner-driven distress may be over source: https://www.newsbtc.com/news/bitcoin/one-of-bitcoin-most-reliable-buy-signals/