Crypto: Bitcoin Flashes Buy Signals As $90k Becomes Key Support 2026
Bitcoin bulls defend $90,000 as Hash Ribbons and Fear and Greed Index flash buy signals, hinting at a potential rally.
Bitcoin’s (BTC) leading indicators flashed buy signals as bulls fought to keep the price above $90,000.
Bitcoin Hash Ribbons flashed a "buy" signal amid miner capitulation recovery, an occurrence that has historically preceded strong rallies.
The Fear and Greed Index’s "golden cross" signals improving market sentiment and a potential BTC rally ahead.
Bitcoin must hold $90,000 to avoid a bear market scenario.
Bitcoin miner performance is still telling market participants to buy as sentiment begins to shift across the market.
Hash Ribbons, which measures the 30-day and 60-day moving averages of the hash rate, now says that even current prices represent a “long-term buying opportunity,” according to Capriole Investments.
Related: Bitcoin’s ‘internal conditions’ are improving: Glassnode
The chart below shows that a “buy signal” emerged when the 30-day MA of the hash rate dropped below its 60-day EMA, an occurrence that has historically marked periods of miner capitulation.
This has “often synced with major price discounts and long-term buying opportunities,” Capriole Investments explains on its website.
Source: CoinTelegraph