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MINER CAPITULATION
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MINER CAPITULATION

Does Bitcoin Miner Capitulation mean a Bitcoin Bottom?

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InvestAnswers
Nov 28, 2022
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Today’s Take

  • Capriole Hash Ribbon is the OCTA analyzed today inspired by @caprioleio

  • The Hash Ribbon is a market indicator that assumes that Bitcoin tends to reach a bottom when miners capitulate

  • If the price of BTC does not go up soon, we will observe a significant number of Bitcoin miners going out of business

  • BTC miners need to utilize electricity that i…

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