Historically, purchasing Bitcoin during a Hash Ribbons signal has aligned with strong long-term returns.
Recently, we saw another signal following the major one this past summer.
The Hash Ribbons indicator, which assesses the health of the Bitcoin mining ecosystem by tracking shifts in hash rate, has proven accurate over time, missing only once due to the unique impact of the COVID-19 pandemic.
This suggests that another BTC rally could potentially occur over the middle-term.
Metric by Maartunn
Written by Darkfost
