Bitcoin hash ribbons flash the first buy signal since $25K BTC price

BTC price is “going a lot higher,” says Capriole Investments, and hodlers may not need to wait for Summer to be over for sky-high BTC price gains.

Bitcoin (BTC) is headed “a lot higher” as a classic on-chain metric calls for resumption of the bull run.

In its latest update on June 4, quantitative Bitcoin and digital asset fund Capriole Investments revealed “tempting” signals from the Hash Ribbons metric.

Bitcoin miners have been forced to readjust since April’s block subsidy halving, and hash rate — the estimated aggregate processing power they dedicate to the network — confirms it.

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