Hash Ribbon buy signal!
The #Bitcoin miner capitulation has officially ended today, making it the 3rd longest capitulation in history at 71 days.
This capitulation zone was longer than 2021, and just two days shorter than 2018's where price touched $3.1K
The #Bitcoin miner capitulation has officially ended today, making it the 3rd longest capitulation in history at 71 days.
This capitulation zone was longer than 2021, and just two days shorter than 2018's where price touched $3.1K
Historically, Bitcoin's miner capitulations have captured major price lows and been great buy-signals.
Miner capitulations that occur late cycle (at least 2 years after halving) and after cycle tops have been the most profitable long-term signals (eg. 2012, 2015, 2018).
Miner capitulations that occur late cycle (at least 2 years after halving) and after cycle tops have been the most profitable long-term signals (eg. 2012, 2015, 2018).
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