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Bitcoin’s Hash Ribbons indicator has flashed a fresh buy signal, suggesting a potential upward move for BTC. The signal coincides with Bitcoin’s hashrate hitting new all-time highs, indicating miner stress may be easing.
- Bitcoin's Hash Ribbons indicator signals a buy opportunity as miner capitulation ends.
- Analysts warn of short-term pullbacks but remain bullish long-term, with price targets ranging from $140,000 to $250,000.
- On-chain data shows a healthy BTC market, with derivatives funding rates stabilizing at neutral levels.
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