First Hash Ribbon Buy Signal in 8 Months Sparks Bitcoin Optimism

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Bitcoin bull cues are surfacing as Hash Ribbon data says “buy” for the first time since July 2024, confirming the end of the latest miner capitulation phase.

Bitcoin traders are celebrating as one of the best-known BTC price metrics finally flipped bullish again.

The popular Hash Ribbon tool, created by quantitative Bitcoin and digital asset fund Capriole Investments, printed a first buy signal in a “macro bullish” event.

Hash Ribbon sparks $100,000 Q2 BTC price target

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