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Image Credit: Coin Telegraph

Bitcoin flips 'macro bullish' amid first Hash Ribbon buy signal in 8 months

  • Bitcoin traders celebrate as popular Hash Ribbon metric flips bullish for the first time in 8 months
  • Hash Ribbon indicates potential long-term buy opportunities for Bitcoin miners after 'capitulation' phase
  • Previous Hash Ribbon buy signals in 2024 and 2023 preceded a wave of upside in BTC price
  • Bitcoin's relative strength index (RSI) also indicates a bullish market turnaround after months of suppression

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