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The analyst stated the completion of the phase of the surrender of the Bitcoin Mainers
Capriole Investments Charles Edwards, based on the data of the Difficulty Ribbon indicator, came to the conclusion that the period of surrender of bitcoin mainers passed. This, according to him, is a “excellent purchase signal”.
The #Bitcoin Miner Capitulation Has Officially Ended Today, Making it The Longest Capitude in History AT 71 Days.
This Capitulation Zone Was Longer than 2021, and Just Two Days Shorter than 2018’S Where Price Touched $ 3.1k pic.Twitter.COM/B3MMHKQPLS
– Charles Edwards (@caprioleio) August 20, 2022
According to his observations, the last phase of surrender is the third most duration in history (71 days). It is longer than in 2021, but two days shorter than the 2018 indicator.
“Historically, it happened that the surrender of bitcoin mainers recorded the main price minimums and served as excellent purchase signals,” Edwards noted.
At the time of writing, the first cryptocurrency is traded in the area of $ 21,330. Over the past seven days, the price of digital gold has decreased by 12.7%, according to Coingecco.
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