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Buy Indicator Shows Bitcoin Price Will Explode
Bitcoin News now admin /

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

On August 9, one of the best buy indicators in bitcoin flashed a buy signal:

Hash Ribbons.

The Hash Ribbons Indicator created by Charles Edwards uses the thirty- and sixty-day moving averages of bitcoin hash rate to determine when miner capitulation has occurred, and uses this to estimate local bitcoin bottoms.