Bitcoin miners are showing strong confidence in the asset’s long-term potential, as seen by new all-time highs in the Bitcoin network’s hash rate. The Hash Ribbons Indicator gives insight into miner activity and sentiment, and its recent bullish crossover suggests an end to miner capitulation and potential price recovery.
Higher hash rates indicate more computational power devoted to securing the blockchain and enhance the network’s resilience and security. Miners’ bullish stance, as shown by the Hash Ribbons Indicator, implies a period of sustained growth.
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<p>The post Bitcoin Miners’ Bullish Sentiment Boosted by Hash Rate All-Time Highs first appeared on CoinBuzzFeed.</p>
