Bitcoin Hash Ribbons Indicate Prolonged Miner Capitulation Amid Recovery Expectations

Bitcoin, the leading cryptocurrency, is currently navigating a challenging phase as it grapples with a bearish market trend. Recent analytics have underscored the significant role of Bitcoin’s hashrate in predicting its price trajectory. Noted analyst Willy Woo has provided insights on the ongoing miner capitulation, highlighting its potential impact on Bitcoin’s recovery. Bitcoin’s miner capitulation

Source: CoinOtag