The Bitcoin chart flashed a crucial buy signal for investors, but BTC still faces significant resistance at the $68,500 mark.
Bitcoin could be on track for a significant pump based on a key technical indicator used by crypto analysts that flashed ahead of former President Donald Trump’s upcoming speech in Nashville. How high can Bitcoin’s price rise in the near term?
Bitcoin’s (BTC) price could see significant bullish momentum based on hash ribbons, a popular indicator tracking two moving averages of hashrate, the estimated combined processing power miners dedicate to the network.
As Cointelegraph reported, the hash ribbons printed a buy signal on the daily chart for the first time in a year on July 24.
