Analysis: HashRibbons indicator sends a buy signal for Bitcoin
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币界网报道：According to a report by CryptoQuant, the latest data from the Hash Ribbons indicator shows a buy signal for Bitcoin. The indicator evaluates the pressure level of the miner ecosystem by comparing the 30-day and 60-day moving averages of computing power. The analysis points out that as Bitcoin computing power has recently hit a record high, miners are facing short-term pressure and may be forced to sell Bitcoin to maintain operations. Such sell-offs often create long-term buying opportunities.
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