Bitcoin Miners Capitulating Signals Possible Price Rally Soon

The post Bitcoin Miners Capitulating Signals Possible Price Rally Soon appeared first on Coinpedia Fintech News

CryptoQuant has recently highlighted a warning sign for Bitcoin’s market. The Hash Ribbons indicator, which monitors the health of Bitcoin mining by tracking changes in hash rates, is flashing again. This tool has been a reliable signal in the past, showing when it’s a good time to buy Bitcoin, both for short-term and long-term investments. The only time it missed was during the market chaos caused by COVID-19. Each time the Hash Ribbons have appeared in the past, Bitcoin has experienced a price rally. With miners now showing signs of capitulation, many are wondering if Bitcoin’s price will soon rise.