After months of selling, $BTC miners have started holding onto their coins and even adding more to their reserves. 💰
Between mid-April and mid-May, they added around 2,700 BTC, which suggests a growing confidence in Bitcoin’s future.
At the same time, a popular market signal called the “Hash Ribbons” just flashed a buy signal; this indicator tracks miner activity and has often predicted price increases in the past (Since the last signal in March, Bitcoin’s price has already gone up by about 20%.).
Together, miner accumulation and the Hash Ribbons signal could mean that Bitcoin is entering another strong phase! 📈📈
What do you think? Will Bitcoin increase even more?
thank you for your time and for reading this!
