Bitcoin Hash Ribbons seeing Golden Cross

in #bitcoin3 years ago

Momentum is switching from bearish to bullish

Hash Ribbons are one of the most followed technicals in bitcoin trading.

And just now we see the charts switching from bearish to bullish with a hash ribbon cross.

Check it out:

image.png

(Source: https://cointelegraph.com/news/bitcoin-mining-metric-that-has-predicted-every-big-btc-rally-since-2020-is-flashing-again)

These crosses have often happened right before a big move up.

Looking at the chart above, we can evidence of exactly that.