Bitcoin Leading Indicators Flash Buy Signals Amid Bullish Fight
Bitcoin (BTC) leading indicators have flashed buy signals, indicating that bulls are actively working to maintain BTC's price above the critical $90,000 level.
Several key metrics are pointing towards a potential upward movement in the cryptocurrency's market.
- •The Bitcoin Hash Ribbons indicator has displayed a "buy" signal, coinciding with a recovery in miner capitulation. This pattern has historically preceded significant rallies in Bitcoin's price.
- •The Fear and Greed Index has shown a "golden cross," which suggests an improvement in market sentiment and could signal an upcoming rally for BTC.
- •For Bitcoin to avoid a bear market scenario, it is crucial for its price to remain above the $90,000 mark.
Hash Ribbons and Sentiment Index Signal Buying Opportunity
Analysis of Bitcoin miner performance continues to suggest that now is a favorable time for market participants to buy, as overall market sentiment begins to shift positively.
The Hash Ribbons indicator, which tracks the 30-day and 60-day moving averages of the hash rate, is now indicating that current Bitcoin prices represent a "long-term buying opportunity," according to insights from Capriole Investments.
The chart illustrating the Hash Ribbons shows that a "buy signal" emerged when the 30-day moving average of the hash rate fell below its 60-day exponential moving average. This specific occurrence has historically coincided with periods of miner capitulation.
Capriole Investments explains on its website that this signal has "often synced with major price discounts and long-term buying opportunities."
Researchers at On-Chain Mind have echoed these observations, stating that Bitcoin is currently experiencing "one of the largest Hash Ribbons signals on record."
In a post on X, On-Chain Mind elaborated:
"When miners capitulate and then recover, it often marks the end of forced selling. Historically, once this phase resolves, it’s been one of the most compelling long-term buy signals."
Notably, the last time the Hash Ribbons indicator issued a buy signal was in July 2025. This preceded a substantial 25% rally in BTC's price, which surged from $98,000 to its previous all-time high of $123,200.
The Fear and Greed index also suggests that it is an opportune time to buy Bitcoin, as a "golden cross signals a potential rally ahead," according to data compiled by CryptoQuant.
CryptoQuant analyst MorenoDV_ highlighted in a recent Quicktake analysis that the chart reveals a "bullish sentiment shift as 30-day MA crosses above 90-day MA for the first time since May 2025." The analyst further stated:
"Historically, these crossovers tend to occur after prolonged fear phases, often near local price compression zones rather than major tops. In most highlighted instances on the chart, price responds positively in the weeks that follow."
Crucial $90,000 Support Level for Bitcoin Price
The $90,000 level represents the next significant support zone for Bitcoin (BTC), a psychological threshold that the bulls must successfully defend to maintain positive momentum.
Current data from TradingView indicates that the BTC/USD trading pair is consolidating within the $90,000 to $92,000 range.
Crypto Solutions commented on the importance of this level in an X post, stating:
"This area is very important. It has held before, and if the overall bull market is still strong, it needs to hold again. As long as $90K holds, buyers are still in control, and another move up is possible."
This critical $90,000 level aligns with the 200-period moving average on the four-hour timeframe and also marks the lower boundary of a bear flag formation observed on the weekly chart.
Crypto Solutions further cautioned that if the $90,000 level breaks and the price closes below it on the weekly chart, momentum could shift to negative. This scenario might lead to a deeper decline toward the $80,000 to $85,000 range, which represents a key demand zone on the daily chart.
Further downside support levels to monitor include the April 2025 low at $74,500 and the 200-week moving average, currently situated at $68,000.
The measured target for the bear flag pattern indicates a potential bottoming out at $57,050 if an extended downtrend occurs.
As previously reported, Bitcoin is facing the risk of falling below $90,000 due to macroeconomic pressures and weak technical indicators, which suggest a potential drop towards $80,000 based on a rising-wedge breakdown pattern.