Https://cb.run/BSnP 3 reasons why the Bitcoin price bottom is not inBitcoin (BTC) recovered modestly on Aug.
20 but remained on course to log its worst weekly performance in the last two months.
Bitcoin hash ribbons flash bottom signal On the daily chart, BTC's price climbed 2.58% to $21,372 per token but was still down by nearly 14.5% week-to-date, its worst weekly returns since mid August.
Nonetheless, some on-chain indicators suggest that Bitcoin's correction phase could be coming to an end.
That includes Hash Ribbons, a metric that tracks Bitcoin's hash rate to determine whether miners are in accumulation or capitulation mode.
As of Aug.
20, the metric is showing that...