Bitcoin Miners End Capitulation: New Data Signals Early Stages of Bull Market
cryptonews.net
Data from an on-chain analysis firm suggests that Bitcoin (BTC) miners’ capitulation may be ending, signaling the onset of a potential bull market for Bitcoin. As Bitcoin shows signs of recovery he overall market sentiment is turning positive. miners no longer under severe pressure to sell, the mark
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- Data from an on-chain analysis firm suggests that Bitcoin (BTC) miners’ capitulation may be ending, signaling the onset of a potential bull market for Bitcoin.
- As Bitcoin shows signs of recovery
- he overall market sentiment is turning positive.
- miners no longer under severe pressure to sell, the market conditions are increasingly conducive to growth.
- CryptoQuant highlights the Hash Ribbons indicator, which observes the 30 and 60-day moving averages of the Hash Rate.
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