Bitcoin ‘difficulty ribbon’ chart hasn’t been this bullish since March

Bitcoin (BTC) simply needs history to repeat itself to see significant price rises, according to two indicators now flipping bullish.

On Sep. 28, on-chain monitoring resource Glassnode noted that Bitcoin’s difficulty ribbon compression had broken out of its green “buy” zone for the first time since the March coronavirus crash.

Glassnode hints at “significant” BTC price increases

Difficulty ribbon compression is based on difficulty ribbons, a metric devised by statistician Willy Woo as…


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