Analysis: Hash Ribbons indicator sends a buy signal for Bitcoin
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币界网报道：According to the news from Bijie.com, CryptoQuant analysis shows that the latest data of Hash Ribbons indicator shows a buy signal for Bitcoin. This 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 selling often creates long-term buying opportunities.
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CryptoQuant analyst: Hash Ribbons indicator sends a Bitcoin buy signal
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