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Bitcoin could continue its rally
Bitcoin could continue its rally

Bitcoin could continue its rally

Over the past several days, Bitcoin's price has been above the $21,000 mark. The Hash Ribbons indicator has also given a buy signal for the first time in five months. This indicator has historically performed very well and is related to the network hashrate and miner activity. It's thought that Bitcoin hit its bottom at $15,479 in November 2022. According to some crypto community members, the Hash Ribbons indicator is rather accurate, which is why Bitcoin's forecast looks auspicious.

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