Three signs that Bitcoin is finding its market bottom
Bitcoin’s market may be finding its bottom as selling pressure eases, indicated by momentum stabilization, miner capitulation, and supportive liquidity conditions.
Bitcoin’s market may be finding its bottom as selling pressure eases, indicated by momentum stabilization, miner capitulation, and supportive liquidity conditions.
Bitcoin’s network hash rate has dropped 4% amid miner stress, signaling potential challenges and opportunities for BTC’s price. VanEck suggests miner capitulation could indicate a bottom.
VanEck suggests recent Bitcoin miner capitulation might signal the market bottom is near, based on historical trends showing Bitcoin surges after hashrate drops, potentially offering relief to struggling miners.
Analyzing miner capitulation and its potential as a buying opportunity in the evolving crypto market landscape.