The Hash Ribbon indicator has given the fifth signal for Bitcoin's rise
The Hash Ribbon indicator, which tracks miner capitulation and recovery, has triggered a signal on the Bitcoin chart again. This is already the fifth such signal in the last two years.
According to trader Merlijn The Trader, each of the previous signals was accompanied by a significant rise in Bitcoin: +85%, +150%, +84%, and +42%. The signal has now triggered at the level of $100,000.
Hash Ribbon is considered one of the key indicators for the beginning of bullish phases.
