I've noticed that Bitcoin's hash ribbon is sending interesting signals right now. This technical indicator has generally worked well to identify rebounds after miner capitulation periods.

What’s striking is that BTC is currently hovering around $69,890, while many people are watching the $90,000 level as a key reference point. If Bitcoin manages to stay firmly above this threshold, we could see a real bullish momentum develop.

Historically, when the hash ribbon gave similar signals (like in July), we saw moves of 25% or more. Of course, nothing is guaranteed, but this is the kind of setup traders are closely watching at the moment. The question now is whether Bitcoin can truly hold this crucial support to confirm the trend.