Fun

Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says

News Feed - 2025-06-06 07:06:59

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.


Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. Bitcoin Hash Ribbons Flash Buy Signal


According to a recent CryptoQuant Quicktake post by contributor Darkfost , Bitcoin’s Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin’s hashrate reaching new all-time highs (ATH). Related Reading Bitcoin Mining Giant Abandons Full-Hold Strategy, Unloads $40M In Crypto 4 weeks ago


For the uninitiated, Bitcoin Hash Ribbons is an on-chain indicator that analyzes miner stress by comparing the 30-day and 60-day moving averages of Bitcoin’s hashrate. When the short-term average crosses above the long-term average after a period of decline, it signals that miner capitulation is ending – often marking a strong long-term buying opportunity.


Such signals can emerge when mining becomes unprofitable for certain miners, forcing them to sell their BTC holdings to stay afloat. These sell-offs may temporarily pressure the price, but historically they have created attractive long-term buying opportunities.


In their analysis, Darkfost notes that while the current signal is bullish from a long-term perspective, it could lead to a short-term pullback in BTC price. However, he emphasizes that any dip should be viewed as a chance to accumulate.


Darkfost also pointed out that the Hash Ribbons indicator has historically been reliable, with the exception of 2021 during the China mining ban. They shared the following chart illustrating how the indicator is currently showing a strong buy signal. Source: CryptoQuant Is BTC Headed For A Crash?


While the Hash Ribbons suggest a favorable long-term setup, some analysts warn that the short-term correction could be deeper than expected. For instance, crypto analyst Xanrox used the Fibonacci levels to forecastthat BTC may tumble as low as $98,000. Related Reading Bitcoin Warning Signs? Long-Term Holders Exit While Retail Buyers Rush In 2 days ago


Similarly, analyst Jelle notedthat Bitcoin may face “one last speed bump” before launching a major rally to $140,000. Meanwhile, more pessimistic voices continue to warn of a dramatic crash, with some speculating that BTC could fall below $10,000 – a view seen as increasingly unlikely by most market participants.


Despite the varying predictions, fresh on-chain data points to a healthy BTC market in the near to medium term. For instance, CryptoQuant contributor Amr Taha recently highlightedthat the derivatives market has undergone a reset, with funding rates stabilizing around neutral levels.


Similarly, Fundstrat’s Head of Research, Tom Lee foreseesBTC surging to as high as $250,000 by the end of the year. At press time, BTC trades at $105,367, up 0.5% in the past 24 hours. BTC trades at $105,367 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, charts from CryptoQuant and TradingView.com

News Feed

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of h
Inside Trump’s Meme Coin Empire: Exploring His Crypto Wallet and Future Investment Potential
Este artículo también está disponible en español. As well as cleaning up in the Electoral College, Donald Trump also seems to be doing rather bullishly with his cryptocur
Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume
Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesda
AT&T's latest massive breach shows the peril of data centralization
Agnes Gambill7 hours agoAT&T"s latest massive breach shows the peril of data centralizationA 24-year-old hacker infiltrated AT&T systems — and accessed data on more than 100 million people. Decentralizing data
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda
Zhiyuan Sun7 hours ago$200M Mixin Network hack draws controversyXiaodong Feng, Mixin’s founder, immediately outlined a compensation plan but would only reimburse up to 50% of users’ assets for now.4819 Total views4 T
Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform
Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform Ameer and Raees Cajee, the two directors of the South African crypto-investment platform
BTC reclaims $69K, derivatives signal additional upside
Marcel Pechman5 hours agoBTC reclaims $69K, derivatives signal additional upsideBitcoin futures and options markets indicate that the prevailing sentiment remains bullish.4274 Total views70 Total sharesListen to article
Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange
Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange The first bitcoin exchange-traded fund (ETF) in North America has b
William Suberg7 hours agoBitcoin traders’ BTC price dip targets now include $30.9K bottomBitcoin is giving many traders a feeling that a support retest could be next, but BTC price strength is winning out over altcoins
With Code of Conduct, Trade Group ADAM Seeks Legitimacy for Crypto
One year after its formation, the Association of Digital Asset Markets (ADAM) has drafted a code of conduct for the cryptocurrency market. The trade group has also recruited five m
Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed
Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed Following one of the largest non-fungible token (NFT) mints in history and after apecoin