Miner capitulation may indicate a Bitcoin rally recovery! 🚀

📈 The Hash Ribbons indicator has flashed an "optimal signal" to buy Bitcoin gold in the coming weeks, according to Charles Edwards, founder of Capriole Investments.

👀 This signal arises when the 30-day moving average of the hash rate falls below the 60-day average, indicating miner capitulation that began two weeks ago.

🏳️ Miner capitulation typically occurs annually and is linked to halving events, operational shutdowns, bankruptcies, or takeovers. The last such event happened in 2023 when Bitcoin was around $20,000.

📊From a technical standpoint, Bitcoin is currently in a consolidation phase after hitting a peak. If a new growth impulse occurs, the medium-term target is $100,000. However, caution is advised as a monthly close below $58,000 could reverse the trend. 🧐$BTC #btc70k #StartInvestingInCrypto #BnbAth

BPLE327AB0 👈🏻redpacket code for pepe coin