Bitcoin miner indicator flashes buy signal: historically about 41% gains
- —The indicator has triggered 10 times, with 8 ending in gains
- —Average return after the signal is about 41%, median 58.6%
- —In two cases the signal preceded declines of 24% and 40%
- —BTC is above $78,000: +2% in 24 hours and +24% over the month
Why it matters: The signal has historically preceded BTC gains, but the week's outcome will be decided by the Fed meeting and the CLARITY Act vote.
Source: CoinGape