Analysis: Bitcoin Miner Capitulation Nears Its End, May Signal Bitcoin Price Bottom
ChainCatcher News, according to market sources and Glassnode data, the hash ribbon indicator is close to issuing a signal marking the end of a three-month miner capitulation, which is one of the longest miner capitulation periods in history. When the 30-day hashrate moving average rises above the 60-day moving average, a recovery signal will be triggered, indicating that miners are coming back online and network pressure is easing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
3 Catalysts Cramer Says Could Extend the Nasdaq Sell-Off This Week
Meta (META.US) AI shopping assistant Muse tests e-commerce, Amazon (AMZN.US) faces potential impact on nearly $70 billion advertising business
Meta Platforms (META.US) has launched its new AI shopping assistant, Muse, which is emerging as a potential threat to Amazon. Muse may challenge the e-commerce giant’s dominance in online shopping and its nearly 70 billion USD advertising business.
Crypto prices
More
