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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Did miners actually capitulate? </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">A powerful buy signal </a></li></ul>
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In spite of Bitcoin's underwhelming price performance in Q4, its hashrate has just reached an all-time high of 111.86 EH/s, <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">BitInfoCharts data</a> shows.
<em>image by <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">bitinfocharts.com</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Did miners actually capitulate?
As of recently, there's been plenty of fear, uncertainty, and doubt (FUD) about miner capitulation that could trigger another immense market sell-off and possibly push the BTC price to new yearly lows.
On Dec. 17, Capriole's head of digital asset management Charles Edwards <a rel="nofollow" target="_blank" href="#">claimed that the capitulation wouldn't stop</a> unless Bitcoin's hash rate showed some consistent growth. This is exactly what was happening for the past four days -- the top coin's hash power surged from 86.87 EH/s to the above-mentioned ATH.
Now, Edwards states that the hash rate has finally recovered, which could mark the end of the latest "shallow" capitulation that only lasted a little more than a month.
<blockquote class="twitter-tweet">
We have Hash Rate recovery!
Historically this has signaled the end of Miner Capitulations.
In this case, it was a very shallow capitulation of average length (34 days).
Buying on positive momentum from here has historically had wonderful R:R (likely at least a few days away). <a rel="nofollow" target="_blank" href="https://t.co/GyrVffE4wE">pic.twitter.com/GyrVffE4wE</a>
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665">@caprioleio </a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
A powerful buy signal
Historically, miner capitulations are the best periods to stack more sats. One can <a rel="nofollow" target="_blank" href="https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836">spot the end of this capitulation</a> with the help of the so-called Hash Ribbon indicator.
When the one-month SMA of Bitcoin's hash rate surpasses the two-month SMA, it usually represents a great buying opportunity. Edwards predicts that such a rare occurrence could happen on Christmas Day.
<blockquote class="twitter-tweet">
If the Hash Ribbon buy signal falls on Christmas Day... wow ?
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209144712436895744?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>Is Bitcoin on the verge of another bull run? Feel free to leave your comment! </em>
') (Line: 1036)
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Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Did miners actually capitulate? </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">A powerful buy signal </a></li></ul>
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div.id = "placement_666696_"+plc666696;
AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666696, [336,280], 'placement_666696_'+opt.place, opt); }, opt: { place: plc666696++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
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In spite of Bitcoin's underwhelming price performance in Q4, its hashrate has just reached an all-time high of 111.86 EH/s, <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">BitInfoCharts data</a> shows.
<em>image by <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">bitinfocharts.com</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Did miners actually capitulate?
As of recently, there's been plenty of fear, uncertainty, and doubt (FUD) about miner capitulation that could trigger another immense market sell-off and possibly push the BTC price to new yearly lows.
On Dec. 17, Capriole's head of digital asset management Charles Edwards <a rel="nofollow" target="_blank" href="#">claimed that the capitulation wouldn't stop</a> unless Bitcoin's hash rate showed some consistent growth. This is exactly what was happening for the past four days -- the top coin's hash power surged from 86.87 EH/s to the above-mentioned ATH.
Now, Edwards states that the hash rate has finally recovered, which could mark the end of the latest "shallow" capitulation that only lasted a little more than a month.
<blockquote class="twitter-tweet">
We have Hash Rate recovery!
Historically this has signaled the end of Miner Capitulations.
In this case, it was a very shallow capitulation of average length (34 days).
Buying on positive momentum from here has historically had wonderful R:R (likely at least a few days away). <a rel="nofollow" target="_blank" href="https://t.co/GyrVffE4wE">pic.twitter.com/GyrVffE4wE</a>
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665">@caprioleio </a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
A powerful buy signal
Historically, miner capitulations are the best periods to stack more sats. One can <a rel="nofollow" target="_blank" href="https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836">spot the end of this capitulation</a> with the help of the so-called Hash Ribbon indicator.
When the one-month SMA of Bitcoin's hash rate surpasses the two-month SMA, it usually represents a great buying opportunity. Edwards predicts that such a rare occurrence could happen on Christmas Day.
<blockquote class="twitter-tweet">
If the Hash Ribbon buy signal falls on Christmas Day... wow ?
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209144712436895744?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>Is Bitcoin on the verge of another bull run? Feel free to leave your comment! </em>
') (Line: 1036)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Did miners actually capitulate? </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">A powerful buy signal </a></li></ul>
Advertisement
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In spite of Bitcoin's underwhelming price performance in Q4, its hashrate has just reached an all-time high of 111.86 EH/s, <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">BitInfoCharts data</a> shows.
<em>image by <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">bitinfocharts.com</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Did miners actually capitulate?
As of recently, there's been plenty of fear, uncertainty, and doubt (FUD) about miner capitulation that could trigger another immense market sell-off and possibly push the BTC price to new yearly lows.
On Dec. 17, Capriole's head of digital asset management Charles Edwards <a rel="nofollow" target="_blank" href="#">claimed that the capitulation wouldn't stop</a> unless Bitcoin's hash rate showed some consistent growth. This is exactly what was happening for the past four days -- the top coin's hash power surged from 86.87 EH/s to the above-mentioned ATH.
Now, Edwards states that the hash rate has finally recovered, which could mark the end of the latest "shallow" capitulation that only lasted a little more than a month.
<blockquote class="twitter-tweet">
We have Hash Rate recovery!
Historically this has signaled the end of Miner Capitulations.
In this case, it was a very shallow capitulation of average length (34 days).
Buying on positive momentum from here has historically had wonderful R:R (likely at least a few days away). <a rel="nofollow" target="_blank" href="https://t.co/GyrVffE4wE">pic.twitter.com/GyrVffE4wE</a>
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665">@caprioleio </a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
A powerful buy signal
Historically, miner capitulations are the best periods to stack more sats. One can <a rel="nofollow" target="_blank" href="https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836">spot the end of this capitulation</a> with the help of the so-called Hash Ribbon indicator.
When the one-month SMA of Bitcoin's hash rate surpasses the two-month SMA, it usually represents a great buying opportunity. Edwards predicts that such a rare occurrence could happen on Christmas Day.
<blockquote class="twitter-tweet">
If the Hash Ribbon buy signal falls on Christmas Day... wow ?
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209144712436895744?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>Is Bitcoin on the verge of another bull run? Feel free to leave your comment! </em>
') (Line: 1036)
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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Did miners actually capitulate? </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">A powerful buy signal </a></li></ul>
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In spite of Bitcoin's underwhelming price performance in Q4, its hashrate has just reached an all-time high of 111.86 EH/s, <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">BitInfoCharts data</a> shows.
<em>image by <a rel="nofollow" target="_blank" href="https://bitinfocharts.com/comparison/bitcoin-hashrate.html">bitinfocharts.com</a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
Did miners actually capitulate?
As of recently, there's been plenty of fear, uncertainty, and doubt (FUD) about miner capitulation that could trigger another immense market sell-off and possibly push the BTC price to new yearly lows.
On Dec. 17, Capriole's head of digital asset management Charles Edwards <a rel="nofollow" target="_blank" href="#">claimed that the capitulation wouldn't stop</a> unless Bitcoin's hash rate showed some consistent growth. This is exactly what was happening for the past four days -- the top coin's hash power surged from 86.87 EH/s to the above-mentioned ATH.
Now, Edwards states that the hash rate has finally recovered, which could mark the end of the latest "shallow" capitulation that only lasted a little more than a month.
<blockquote class="twitter-tweet">
We have Hash Rate recovery!
Historically this has signaled the end of Miner Capitulations.
In this case, it was a very shallow capitulation of average length (34 days).
Buying on positive momentum from here has historically had wonderful R:R (likely at least a few days away). <a rel="nofollow" target="_blank" href="https://t.co/GyrVffE4wE">pic.twitter.com/GyrVffE4wE</a>
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209029373187313665">@caprioleio </a></em>
<a rel="nofollow" target="_blank" href="#">card</a>
A powerful buy signal
Historically, miner capitulations are the best periods to stack more sats. One can <a rel="nofollow" target="_blank" href="https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836">spot the end of this capitulation</a> with the help of the so-called Hash Ribbon indicator.
When the one-month SMA of Bitcoin's hash rate surpasses the two-month SMA, it usually represents a great buying opportunity. Edwards predicts that such a rare occurrence could happen on Christmas Day.
<blockquote class="twitter-tweet">
If the Hash Ribbon buy signal falls on Christmas Day... wow ?
— Charles Edwards (@caprioleio) <a rel="nofollow" target="_blank" href="https://twitter.com/caprioleio/status/1209144712436895744?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
<em>Is Bitcoin on the verge of another bull run? Feel free to leave your comment! </em>
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Vladislav Sopov
Yuri Molchan
