Alert: Major Bitcoin Buy Signals Flash Amid Miner Capitulation Recovery
Bitcoin’s most reliable on-chain metrics are flashing a major alert. Two powerful Bitcoin buy signals have just activated: the Hash Ribbons indicator has turned green, signaling the end of a miner capitulation phase, and the Fear & Greed Index has executed a bullish “golden cross.” Historically, this combination has preceded significant rallies. However, the immediate bull case hinges entirely on Bitcoin bulls successfully defending the critical $90,000 support floor.
The Hash Ribbons signal is particularly compelling. It triggers when the 30-day moving average of Bitcoin’s hash rate crosses back above the 60-day average, indicating miners have finished their forced selling and are recovering. According to analysts at Capriole Investments, this has “often synced with major price discounts and long-term buying opportunities.” The last time this flashed was in July 2025, before a 25% surge to a then all-time high.
Analyzing the Critical Bitcoin Buy Signals and Price Level
Simultaneously, market sentiment is pivoting from extreme fear. The Fear & Greed Index has seen its 30-day moving average cross above its 90-day average—a bullish “golden cross” that historically occurs after prolonged fear phases and near price bottoms. This suggests the recent panic sell-off may have exhausted itself.
Now, all focus is on the $90,000 level. This isn’t just psychological support; it aligns with the 200-period moving average on the 4-hour chart and the lower boundary of a bear flag pattern. If buyers lose this ground, the next key demand zone sits between $80,000 and $85,000, with deeper risks toward $74,500. Holding $90k is non-negotiable for the bullish thesis to remain intact.
My Thoughts
This is the smart money’s alert. The Hash Ribbons signal is one of the most respected in the space because it tracks miner behavior—entities with real-world operational costs. Their recovery is a fundamental tailwind. While the short-term chart looks precarious, these converging buy signals suggest that any dip toward $90k (if it holds) could be a final gift before the next leg up. This is a moment for disciplined accumulation, not panic.
