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Bitcoin (BTC) should see an “explosive rally” next as miners exit their latest capitulation period. The latest data from the hash ribbons indicator shows that the BTC price now in long-term “buy” territory for the first time since mid-May. Bitcoin miner “capitulation” over, says hash ribbons dataBitcoin hash ribbons track two moving averages of hashrate — the estimated combined processing power miners dedicate to the network. When the 30-day moving average drops below its 60-day equivalent, it suggests miners are struggling. When the opposite occurs, however, a historically reliable buy signal…

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