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NewsBTC 2019-11-19 05:24:00

Bitcoin Capitulation Near, Price to Plunge to $6,400 if History Rhymes

Last week, Crypto Twitter erupted with reports that “miners capitulated.” Indeed, the Bitcoin Hash Ribbons — an indicator tracking the health of the network’s hash rate — saw a bearish crossover, with the short-term moving average crossing below a long-term one, signaling that miners have stopped expanding their farms. Related Reading: For First Time Ever,...The post Bitcoin Capitulation Near, Price to Plunge to $6,400 if History Rhymes appeared first on NewsBTC.

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