Bitcoin Hash Ribbons Flash ‘buy’ Signal At $90k: Will BTC Price...

Bitcoin miners offer a glimpse into potential BTC price upside to come as the historically accurate Hash Ribbons sent a buy signal.

Bitcoin’s (BTC) Hash Ribbons metric, tracked by onchain analytics platform Capriole Investments, sent a “buy signal” for the fifth time in 2025.

A historically accurate Bitcoin price metric sends a “buy” signal for the fifth time this year.

Miners’ BTC sales have accelerated since the beginning of October compared to earlier in the year.

Bitcoin is stuck between the yearly open at $93,000 and the demand zone below $90,000, reflecting traders’ indecision on the direction of BTC’s price trend.

One historically-accurate Bitcoin miner performance metric is telling market participants to buy despite the price declining to as low as $80,500 on Nov. 21 from its $126,000 all-time high.

Hash Ribbons, which identify hashrate and price recovery out of miner capitulations, suggest that miners are under pressure.

Related: Bitcoin retail inflows to Binance ‘collapse’ to 400 BTC record low in 2025

The chart below shows that the 30-day moving average (MA) of the hashrate has dropped below the 60-day MA, signalling miner capitulation, which often syncs with major price discounts and long-term opportunities.

Hash Ribbons has an impressive track record of catching long-term price bottoms and has delivered “buy” signals relatively rarely.

Source: CoinTelegraph