Express

Analyst: Bitcoin's Hash Ribbon Indicator Is Forming A Buy Signal

Mary Liu

Summary: According to a tweet posted by on-chain data analyst Rafael Schultze-Kraft today, Bitcoin's Hash Ribbon indicator is forming a buy signal. The analyst explained that when the 30-day moving average of the indicator exceeds the 60-day moving average and Bitcoin price momentum is positive, the indicator forms a buying point.  Hash Ribbon indicator is to ...

According to a tweet posted by on-chain data analyst Rafael Schultze-Kraft today, Bitcoin's Hash Ribbon indicator is forming a buy signal. The analyst explained that when the 30-day moving average of the indicator exceeds the 60-day moving average and Bitcoin price momentum is positive, the indicator forms a buying point. 

Hash Ribbon indicator is to show the changing trend of Bitcoin hash rate and the health of the Bitcoin mining ecosystem by quantifying the relative growth rate of hash rate. The last time the indicator issued a buy signal was July this year.

By Mary Liu

Last Update:

Tags: ,
Link: Analyst: Bitcoin's Hash Ribbon Indicator Is Forming A Buy Signal   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 1 day ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 6 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 20 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 27 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.