A Rare Signal Is Activating: Bitcoin Ready To Explode
For the first time in eight months, the Hash Ribbon, a key indicator of Bitcoin miners’ health, has just issued a buy signal. A rare event, often a precursor to major reversals. As Bitcoin flirts with $87,492, this technical alert is accompanied by another signal: the break of a historic downtrend on the RSI. Coincidence? Not if you believe the experts.
Since July 2024, the Hash Ribbon had not flashed green. Its awakening on March 24 acts like an electric shock.
Created by Capriole Investments, this tool analyzes the cycles of miners through two moving averages of the hash rate (30 and 60 days). When the short average surpasses the long one, capitulations fade. Miners, previously strangled by declining profitability, are back in the game.
A signal that transcends charts. Historically, each activation of the Hash Ribbon has preceded major rallies.
In July 2024, Bitcoin was still struggling to find a floor, but the bullish movement ultimately swept away the skeptics. A similar scenario occurred in August 2023: after months of hesitation, the price took off.
Today, traders anticipate a repetition of the pattern. “This is a macro-bullish trend,” emphasizes Titan of Crypto on X.
The technological dynamics as an accelerator. Ryan Lee, chief analyst at Bitget, observes a growing correlation between Bitcoin and tech values:
The recent rise in cryptocurrency-related stocks, alongside gains in Bitcoin and the Nasdaq, reflects the growing appetite for risk assets. BTC is now treated as a tech asset rather than just a hedge, driven by innovation and ETF adoption.
But that’s not all. In the shadow of the Hash Ribbon, another key indicator draws a metamorphosis: the Relative Strength Index (RSI).
On the weekly chart, a bullish divergence has formed for the first time since September. Translation? The selling momentum is fading, despite still timid prices.
On the daily chart, the RSI has breached a resistance that had been in place since November. “The multi-month downtrend is over,” confirms Rekt Capital , a technical analyst. A symbolic break, often interpreted as the prelude to a price acceleration.
For Bitcoin, it’s a relief after a disappointing first quarter of 2025, marked by erratic volatility. The convergence between Hash Ribbon and RSI is not insignificant. One validates the network’s strength, the other measures overbought or oversold conditions. Together, they form a coherent narrative: technical fundamentals and miner activity align for a recovery. The question remains whether institutional investors , often hesitant in times of doubt, will join the dance.

Cointribune EN
2025/03/24 18:15
Bitcoin Under Pressure This Week With Conflicting Macro And Technical Signals
This week, bitcoin takes us on a new dance between trembling hopes and very real risks. Between technical analyses, macro data, and market signals, the suspense is total. So, are you ready to take stock together of what this new crypto adventure has in store for us? Follow the guide!
The bitcoin market is moving, trembling, hesitating… and with it, the emotions of investors. Here are the 5 key points to absolutely know this week to avoid navigating blindly in this choppy sea.
Bitcoin is flirting with its highest peaks of the last two weeks… but behind the scenes, traders are tense. Despite a surge of nearly 15% from its recent lows, the atmosphere is far from euphoric. After recently going above 85,000 dollars , CrypNuevo, sensing a new jolt orchestrated by market makers, anticipates a return of BTC around 80,000 dollars.
HTL-NL, for its part, sees 90,000 dollars as a ceiling before the reversal. Even Arthur Hayes speaks of a spike to 110,000 dollars followed by a 30% correction. Suffice it to say that calm is relative, and the market could still surprise us.
On Thursday, March 28, we have an appointment with the PCE, this inflation index loved by the FED. In February, it had already calmed things down. If it remains under control, it could give a bit of oxygen to risky assets, including bitcoin. Especially since the market firmly believes in a rate decrease by June 2025.
But beware: with the increase in bitcoin mining difficulty expected for April , the hikes in customs tariffs during the same month could further jam the machine. Jerome Powell has said: inflation of goods, largely, comes from that. So, good news or bad surprise? Verdict at the end of the week.
Among the indicators that traders love, RSI is playing the seducer this week. On daily to weekly charts, it is attempting a bullish breakout, abandoning a bearish trend that has lasted since November. Rekt Capital and Matthew Hyland see it as a nice sign of a bullish continuation.
Currently, the daily RSI is hovering around 51.4, a key level. It may be subtle, but in the world of bitcoin, this kind of sign can sometimes be the starting point for a nice surge. To be watched closely as the bullish trend of BTC is at stake.
Short-term holders (STH), these investors who have had their BTC for only a few months, are going through a complicated period. According to Glassnode, their unrealized losses have exploded, flirting with critical levels. The result: some are panicking and selling at a loss. This explains the 100 million dollars lost a few days ago by short-term traders.
In one month, we talk about 7 billion dollars gone. That’s huge, but far from the records of 2021-2022. The bitcoin market is purging the most fragile, as often. Those who hold firm might well reap the rewards… provided they have a strong heart.
And in the meantime, Binance is thriving. The stablecoin reserves on the platform reached a new record: over 31.8 billion dollars. A number that speaks volumes about the renewed confidence of investors. These funds, well protected, are waiting for the right moment to be deployed.
For some, this is a sign that the market is lying in wait. Binance remains the king of volume, and if the capital is there, it may be because a next movement is preparing. A strategic calm before a new bullish storm? Will bitcoin benefit from this surge?
Bitcoin is really advancing like a tightrope walker. On one hand, technical indicators like the RSI suggest a potential rebound; on the other hand, experienced traders fear a sharp pullback to 80,000 dollars. Add to that the PCE and tariff tensions… and you have an explosive cocktail. So, what posture to adopt?
Stay clear-headed, agile, and ready to react. Neither euphoria nor panic: just a good dose of cold blood. It is in these moments of uncertainty that the best decisions are made. Keep an eye on key supports, and do not let emotions drive your movements.
Thus, bitcoin offers us a week full of promises… and traps. Between technical signals, macro tensions, and market behaviors, every movement counts. So stay curious, vigilant, and a bit patient, especially at this moment when the BTC has just reached 1.3% of the global currency .