Bitcoin flips 'macro bullish' amid first Hash Ribbon buy signal in 8 months

Quick Summary:

Despite this, optimism over the latest development is already tangible after much of Q1 2025 was marred by disappointing BTC price action.“One of the most accurate mid-term indicator is bullish now,” fellow trader Robert Mercer added.“Expecting $BTC to go back above $100,000 in Q2 of 2025! ”Bitcoin ends “multimonth RSI downtrend”As Cointelegraph reported, Bitcoin has already begun to tease bullish market turnarounds as March comes to a close.

On weekly timeframes, RSI has confirmed a bullish divergence for the first time since September, while the daily chart is showing a support retest after breaking through a downward trend line in place since November.“The multi-month RSI Downtrend is over,” popular trader and analyst Rekt Capital confirmed to X followers this week.

The popular Hash Ribbon tool, created by quantitative Bitcoin and digital asset fund Capriole Investments, has printed its first buy signal in a “macro bullish” event.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: First Signal Latest Bitcoin Data Price Time Bullish Hash Ribbon Popular

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 10:22:36 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27319221

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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