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It is time to put back on our on-chain analysis hat for #Bitcoin. In this video on #BTC, we take a look at the hash ribbons of #Bitcoin and also make some tweaks to the metric by adding in price momentum. Whenever we see the ratio flip from being less than 1 to being greater than 1, it historically has meant price is turning around. While we are not at that phase yet, it is an interesting metric to track.
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