Fun

One Of Bitcoin’s Most Reliable Buy Signals Just Flashed

News Feed - 2025-03-28 07:03:06

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


The Hash Ribbon indicator—an on-chain metric designed to identify periods of miner capitulation and subsequent recovery—has just issued a bullish signal for Bitcoin. Several well-known figures within the BTC community highlighted the event through posts on X , suggesting that the signal could mark a turning point in the market. The Ultimate Bitcoin Buy Signal?


First introduced by on-chain analyst Charles Edwards, the Hash Ribbon relies on two moving averages (commonly the 30-day and 60-day averages of Bitcoin’s hash rate) to determine when mining difficulty and hash power mayhave capitulated and begun to recover. Traditionally, a “buy” signal is triggered once the 30-day MA crosses decisively above the 60-day MA, indicating that any period of miner-driven distress may be over.


According to historical data, major buy signals have frequently appeared after sharp market downturns, sometimes coinciding with cycle bottoms. Although the indicator is not infallible, it has correctly identified several previous lows in Bitcoin’s history—most notably in 2011–2012, during the depths of the 2014–2015 bear market, around the $3k bottom of late 2018–early 2019, and near the $29k region in mid-2021. Related Reading Now Is The Best Time To Buy Bitcoin, Says Investment Giant 1 day ago


Shortly after the latest crossover was triggered, popular commentator Bitcoin Archive posted: “BITCOIN HASH-RIBBON FLASHES BUY SIGNAL – This is one of the most reliable ‘buy’ indicators. Significant price gains have followed 7 out of the last 7 times this indicator was triggered.”


Edwards, the creator of the Hash Ribbon, retweeted this post, a move that many interpreted as an endorsement of the analysis. Adding to the discussion, a user noted: “Signal flashed only 20 times in Bitcoin’s history. 17/20 times the most recent local low was never violated on a closing basis. We can sweep the lows, or even wick below, but 85% of the time the low’s in and it’s up only from here.”


Meanwhile, Jamie Coutts, chief analyst at Real Vision, stressed the importance of monitoring multiple on-chain metrics, even as the Hash Ribbon flashes bullish: “The widely watched Bitcoin Hash Ribbon signal just fired. While on-chain activity remains sluggish, the metrics with the strongest historical correlation to future price performance are flashing green.”


Notably, many on-chain signals haven’t reached the levels of previous cycles even when the Bitcoin price hit almost $110,000 in mid-January. Also traditional technical signals haven’t reached peaks of the past. Related Reading Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces 21 hours ago


Tony Severino, a Chartered Market Technician (CMT) and Head of Research at NewsBTC, has recently shifted from a bullish to a bearish stance on Bitcoin. Severino, who is also the founder of CoinChartist.io, argues that Bitcoin’s price action and on-chain metrics no longer support the bullish narratives common in past cycles.


“The idea that Bitcoin HAS to reach past extremes on indicators is a dangerous way of thinking. Higher highs in price and lower highs on an oscillator is a bearish signal,” Severino stated recently.


Severino warns against expecting Bitcoin to replicate its historical pattern of pushing certain momentum indicators (e.g., RSI or MACD) to extreme levels. Instead, he notes that divergences—where price climbs to new highs but technical indicators fail to confirm those highs—can signal market exhaustion. “The tools I use are bearish, period,” he remarked via X.


At press time, BTC traded at $87,373. BTC holds inside the channel, 1-day chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

US Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
Robert D. Knight10 hours agoUS Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claimsU.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the indu
dYdX explores sale of derivatives trading arm
Ana Paula Pereira6 hours agodYdX explores sale of derivatives trading armSelini Capital and Wintermute Trading are reportedly bidding on dYdX’s v3. The protocol’s v3 was compromised on July 23.2769 Total views9 Total
Sam Altman’s OpenAI reportedly in partnership talks with his other firm, Worldcoin
Tristan Greene4 hours agoSam Altman’s OpenAI reportedly in partnership talks with his other firm, WorldcoinThe potential partnership comes amid increased regulatory scrutiny for both companies.1477 Total views34 Total
Tokenholders approve $7.5B AI merger
Zhiyuan Sun4 hours agoTokenholders approve $7.5B AI mergerThe Artificial Superintelligence Alliance’s new ASI token will begin trading next month and will be valued at $7.5 billion at launch.973 Total views14 Total sha
Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days
Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on Septe
Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today
Iran Begins Central Bank Digital Currency "Crypto Rial" Pilot Today The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also k
187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June
187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June Cryptocurrency reserves held on digital asset exchanges have been dropping to
Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate
Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are af
Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses
Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses The International Monetary Fund (IMF) is encouraging countries to create money to
Chinese ‘Crypto Dad’ faces government investigation
Helen Partz13 hours agoChinese ‘Crypto Dad’ faces government investigationYao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations.188
Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’
Study: Switzerland Has "the Most Profitable Bitcoin Traders" Worldwide, While France "Is the Best Bitcoin Trading Nation" According to a recent study published by the online invest
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
SEC Charges Australian "Man Behind the Machine" in $41M Crypto Fraud Scheme The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself t