Bitcoin Hash Ribbon Signals Potential Buying Opportunity

The Bitcoin Hash Ribbon has flashed a buy signal once again, suggesting that the bottom of the market might be in sight. The indicator, created by Charles Edwards of Capriole Investments, tracks Bitcoin’s hash rate activity to predict market trends. A crossover between the 30-day and 60-day moving averages after periods of miner capitulation traditionally precedes strong buying opportunities for BTC.