Bitcoin Hash Ribbons flash ‘buy’ signal at $90K: Will BTC price rebound?

The Bitcoin Hash Ribbons metric, tracked by Capriole Investments, has flashed a 'buy signal' for the fifth time in 2025, suggesting a long-term accumulation opportunity despite the recent price decline from its $126,000 high to as low as $80,500.

This signal occurs when the 30-day moving average of the hashrate drops below the 60-day MA, indicating miner capitulation—a phase where miners are under pressure and may sell to cover costs, which historically precedes price bottoms. While this suggests a good entry point for long-term investors, analysts caution that it doesn't necessitate an immediate rush to buy, as the short term may remain bearish.

Currently, Bitcoin's price is consolidating between resistance at the yearly open of $93,300 and support in the $89,000-$90,500 demand zone, reflecting trader indecision. A sustained recovery toward $100,000 requires BTC to break above the $92,000 resistance and the 200-period Simple Moving Average.

(Source：Cointelegraph)