The power of bitcoin. Last bitcoin initiated price discovery revitalizing the entire sector cryptocurrencies. And as always in this type of cases, other peaks are also reached in parallel. Just look how the computing power (hashrate) made available to its blockchain is currently breaking all records. Configuration at the beginning a positive signal on the side of the Hash Ribbons indicator. Are the miners saying goodbye to period of capitulation ?
- The recent rise of Bitcoin has reinvigorated the cryptocurrency sector, reaching all-time highs, especially in the computing power of its blockchain.
- Bitcoin miners regained confidence, marking the end of the capitulation period, supported by positive signals from the Hash Ribbons indicator.
Bitcoin miners are breathing again
Return to Ascension bitcoin enables the entire cryptocurrency ecosystem start breathing again more freely. Even more with traditional finance is transforming into a major provider of FOMO for investors.
Context very favorable for bitcoinssince its listing as a spot ETF on US exchanges. Because its recent move to around $90,000 it allows this very young market to perform 10 times better than gold in the area.
An opportunity for miners of his blockchain reaffirm your trust unshakable. They fell through especially after difficult months the specter of the capitulation of certain actors concerns about insufficient profitability.
But one new btc high it changes everything, especially when it promises others. And what Bernstein’s analysts presented “perfect planetary alignment” for BTC miners last july seems to be coming true.
The miners’ capitulation is coming to an end
The summer season will be for miners after the last bitcoin halving. This is to the extent that some of them are pushing to consider alternative strategies such as e.g opening towards artificial intelligence (AI) data centers.
However, the main monsters of this sector continue to develop your computing powersometimes they try to buy out the competition aggressively. That to the point of pushing hash rate from the bitcoin network to new heights.
The situation that leads ka rise presented as “PARABOLIC” from Bitcoin Magazine analysts. Opportunity for BTC Miners to be “more optimistic than ever”. The reason given? from positive signals the Ribbons hash indicator will appear.
“Bitcoin Hash Tape Indicator provides insight into miner activity and sentiment by analyzing 30- and 60-day hash rate moving averages. When the 30-day moving average rises above the 60-day moving average, it indicates a positive change, often interpreted as the end of miners’ capitulation. »
Bitcoin Magazine Pro
According to a chart provided by Bitcoin Magazine analyst Mark Mason, “a recent bullish crossover appears in Hash Ribbons.” With that related implication, a announced the end of the miners’ capitulation. But also the historical perspective of “equalizing with favorable price action in the coming weeks and months “. Great program…