Bitcoin bulls are roaring! The Hash Ribbon indicator, one of Bitcoin’s most reliable buy signals, has just flashed bullish as BTC holds steady above $107K. With miners rebounding and market momentum building, could this signal spark a historic rally? Dive into the data and sentiment driving this epic moment as of June 12, 2025!

Hash Ribbon Buy Signal: A Bullish Turning Point

The Bitcoin Hash Ribbon indicator, a time-tested tool created by Capriole Investments, has triggered a rare “buy” signal, igniting excitement across the crypto community. As reported by Bitcoinist, this signal emerged as Bitcoin (BTC) consolidates above $107,000, following a peak of $112,000 earlier this week. With the 30-day moving average (MA) of Bitcoin’s hash rate crossing above the 60-day MA, the indicator suggests the end of miner capitulation, a phase often marking macro price bottoms. Is this the start of a new bull run? Let’s break it down.

Understanding the Hash Ribbon: Why It Matters

The Hash Ribbon, introduced by analyst Charles Edwards, tracks Bitcoin’s hash rate, the computing power miners dedicate to the network, using 30-day and 60-day MAs. When the 30-day MA falls below the 60-day MA, it signals miner capitulation, as unprofitable miners shut off rigs, often coinciding with price lows. A crossover back above the 60-day MA, paired with a 10-day MA of BTC’s price exceeding the 20-day MA, generates the “buy” signal, indicating miner recovery and price momentum.

Historically, this signal has been a powerhouse:

  • Success Rate: Since 2013, 14 of 16 Hash Ribbon buy signals (87.5%) yielded profits, with an average 557% gain from the preceding low to the next peak.

  • Recent Wins: Signals in June 2023 and July 2024 led to new all-time highs of $73,000 and $109,312, respectively.

  • Latest Signal: Flashed this week, aligning with BTC’s resilience above $107K, per TradingView data.

X posts, like BitElite17’s, note the signal’s 90% accuracy, though a rare miss in April 2025 followed by a dip tempers expectations.

Bitcoin’s Price Action: Holding Strong Above $107K

Bitcoin is trading at approximately $107,500, down slightly from its $112,000 all-time high but showing strength above the psychological $100,000 mark, per CoinDesk. Analyst Darkfost, cited by Bitcoinist, highlights BTC’s consolidation as a potential springboard for a breakout, with the Hash Ribbon signal reinforcing bullish sentiment. Key technicals support this:

  • Support Zone: $103,600, backed by the 100-day SMA near $92,245, per Bitcoinist.

  • Resistance: A break above $109,300 could reignite momentum toward new highs, potentially $120,000, per Real Vision’s Jamie Coutts.

  • On-Chain Metrics: Active addresses rose 10% to 1.1 million in 24 hours, signaling network health, per Glassnode.

However, declining volume and macroeconomic risks, like rising U.S. Treasury yields, suggest caution, per Bitcoinist.

Miner Recovery: A Bullish Fundamental Shift

The Hash Ribbon’s buy signal reflects miners’ renewed confidence. After a capitulation phase triggered by high electricity costs and lower BTC prices post-halving in April 2024, miners are powering back up. MiningPoolStats reports Bitcoin’s hash rate at 676 exahashes per second, near all-time highs, showcasing network resilience. This recovery aligns with lower mining costs in regions like Sichuan, where electricity prices dropped, historically boosting Hash Ribbon signals.

X sentiment, like MasterCryptoHq’s claim that “every past signal was followed by a major move up,” underscores the signal’s fundamental strength.

Historical Performance and Price Predictions

The Hash Ribbon’s track record fuels bold forecasts:

  • Past Gains: A 557% average increase from the low before the signal suggests a potential rise from $107K to over $700K, though such gains are speculative.

  • 2025 Targets: Ted, a Binance and OKX KOL, predicts a 31% jump to $140K if BTC repeats past reactions, per The Crypto Basic. Robert Mercer expects $100,000+ in Q2 2025, per Cointelegraph.

  • Long-Term: If the signal marks a macro bottom, analysts like Charles Edwards see new highs by 2026, potentially $150K–$200K, per Capriole Investments.

Risks include a break below $103,600, which could trigger a correction to $92K, and macroeconomic headwinds like trade disputes, per Bitcoinist.

Market Sentiment: Bulls vs. Bears

The crypto community is split but leans bullish. X posts from @BitcoinMagPro

hype the signal as “historically one of BTC’s most profitable,” while AltcoinGordon questions lingering bearish sentiment. Broader market cues, like a 2.1% Ethereum rise post-signal, suggest a sentiment shift, per CoinMarketCap. However, retail caution, with a 2.45% slip in on-chain demand, tempers optimism, per Bitcoinist.

Conclusion: Is Bitcoin Ready to Explode?

As of June 12, 2025, the Bitcoin Hash Ribbon’s “buy” signal, with BTC holding above $107K, is a beacon for bulls. Backed by miner recovery, a robust hash rate, and an 87.5% historical success rate, the signal hints at a potential rally to $140K or beyond. Yet, macroeconomic risks and key support at $103,600 demand vigilance. Will this signal launch BTC into new highs? Monitor the charts and join the X buzz, this could be Bitcoin’s moment to shine!

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.