Bitcoin Price Prints Rare Buy Signal With 84% Win Rate, $80,000 Coming?

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Bitcoin Price Prints Rare Buy Signal With 84% Win Rate, $80,000 Coming? - NewsBTC

Quick Summary:

Edwards shared the chart below and stated via X, “BREAKING: Hash Ribbon buy signal just fired.” Why The Bitcoin Hash Ribbons Matter This statement is significant, as the hash ribbons have historically been a reliable indicator, with an 84% accuracy rate in predicting Bitcoin’s major price bottoms.

The 3 times it didn’t, a major correction followed.” Thus, the appearance of the hash ribbon ‘Buy’ signal can be interpreted as a strong indicator for the next bullish phase in Bitcoin’s market cycle.

This period, known as ‘miner capitulation,’ is crucial because a resumption in mining activity is typically viewed as a bullish signal for Bitcoin’s price.