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Monday

26 July 2021

A Rare Bullish Bitcoin Signal Has Finally Appeared

A Rare Bullish Bitcoin Signal Has Finally Appeared


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A rare bullish bitcoin signal, the difficulty ribbon compression, has started pumping up for the first time since the bull run started.

It does seem like that the difficulty ribbon compression has a historic relationship with the price.

If the difficulty ribbon compression is anything to go by, Bitcoin’s price might be seeing an increase soon

On the other hand, due to the special mining conditions, this rise in the value of the indicator might not directly translate to the price this time.

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