New Bitcoin miner 'capitulation' hints at sub-$100K BTC price bottom


Bitcoin miners may be pointing the way to a major long-term BTC price rebound.

Bitcoin is giving classic local bottom signs as miners face a new “capitulation” phase, data reveals.

In an X post on Feb. 10, analytics account Bitcoindata21 flagged a “triggering” turnaround for Bitcoin’s (BTC) hash ribbon indicator.

The hash ribbon is a well-known leading indicator of incoming BTC price reversals at local lows.

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