The "Hash Ribbons" indicator, which uses Bitcoin's hash rate and price correlation to suggest buying times, has indicated a buying opportunity for the second time this year. Previously, this signal was followed by a significant increase in Bitcoin's price. The indicator functions by examining the intersection of the 30-day and 60-day moving averages of the hash rate, signaling the end of miners' capitulation when the former surpasses the latter. The post Bitcoin Tension Rises: Famous Indicator Signals ‘Buy’ appeared first on COINOTAG EN .
