A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again.
Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive.
Hash ribbons are based on Bitcoin’s network hash rate behavior and are designed to tell investors when the price is…
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