Rare Signal Hinting at Bitcoin Price Bottom Emerges

Rare Signal Hinting at Bitcoin Price Bottom Emerges

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The bitcoin mining difficulty ribbon, comprising short and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show.



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