Bitcoin Hash Ribbons Flash a ‘Buy’ Signal at $90,000 — Will BTC Price React?
Bitcoin has just received a major bullish signal from one of the most respected on-chain indicators: the Hash Ribbons. The signal appeared with BTC trading near $90,000, suggesting that miner pressure may be easing and the network is strengthening once again. Historically, this indicator has preceded strong bullish moves — but does that mean Bitcoin is ready for another leg up?
In this article, we break down what the Hash Ribbons are, why the latest signal matters, and what it could mean for Bitcoin’s price in the coming months.
What Are Hash Ribbons and Why Are They Important?
The Hash Ribbons indicator, created by Charles Edwards, tracks the health of the Bitcoin mining ecosystem by analyzing the short-term and long-term moving averages of the network’s hash rate.
A buy signal occurs when:
The short-term hash rate MA crosses above the long-term hash rate MA,
Following a period of miner stress or miner capitulation.
This shift typically indicates that miners have stopped selling aggressively, the network has stabilized, and the worst of the capitulation phase is over.
Throughout Bitcoin’s history — including 2016, 2019, 2020, and 2023 — Hash Ribbons buy signals have appeared near key market bottoms or before substantial bullish continuation phases.
Why a Buy Signal at $90,000 Is So Notable
Unlike past signals, which often appeared during bearish or accumulation phases, this latest buy signal has emerged while Bitcoin is already trading near all-time highs. This highlights two important dynamics:
- Miner Stability After Post-Halving Pressure
Following the most recent halving, many miners faced profitability challenges due to reduced block rewards. This led to machine shutdowns, reserve selling, and a temporary hash rate decline.
Now, the recovery trend shows miners are reconnecting and stabilizing.
- The Network Is Stronger Than Ever
Even at high prices, the hash rate has resumed its upward trajectory, signaling strong confidence in Bitcoin’s long-term security and economic incentives.
These factors tend to support continued bullish momentum — although historical signals do not guarantee immediate price action.
Will Bitcoin React to the Signal?
There are three realistic scenarios for BTC in the months ahead:
📈 Scenario 1: Bullish Continuation (Most Consistent With Hash Ribbons)
If history repeats, the buy signal could precede another wave of upward momentum.
Factors supporting this scenario:
Fresh buy signal from Hash Ribbons
Ongoing institutional inflows
Post-halving supply reduction
Declining miner sell pressure
This scenario could push BTC toward the $110,000 – $130,000 range in the medium term.
⚖️ Scenario 2: Sideways Consolidation Before the Next Move
Bitcoin may trade between $85,000 and $95,000 for several weeks as liquidity resets.
Hash Ribbons signals structural shifts — not instant pumps — so consolidation remains a likely phase before continuation.
📉 Scenario 3: A Deeper Correction Before Reversal
Less likely, but still possible, is a retracement driven by:
Long-term holders taking profit
Macro uncertainty
Liquidity tightening
Even in these cases, historical Hash Ribbon buy signals have consistently marked strong long-term accumulation zones.
Conclusion: A Strong Signal — But the Market Moves at Its Own Pace
The Hash Ribbons rarely produce false signals. The fact that they have triggered a buy signal at $90,000, while the network hash rate hits new highs, suggests Bitcoin’s underlying fundamentals are strong and miner stress is easing.
While the signal does not guarantee a rapid price surge, it significantly increases the probability that Bitcoin’s macro uptrend will continue over the coming months.
If previous cycles are any indication, the market may be far from reaching its final peak.
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