Bitcoin cycle drivers took center stage in a recent discussion with @virtualbacon dissecting classic on-chain metrics like Hash Ribbons, recorded just before institutional buying flipped positive in July and fueled the subsequent BTC pump.
Bitcoin: Hash Ribbons Precede Institutional Flip
Bitcoin cycle drivers took center stage in a recent discussion with @virtualbacon dissecting classic on-chain metrics like Hash Ribbons, recorded just before institutional buying flipped positive in July and fueled the subsequent BTC pump.
blockchain.news
Publisher
Aug 30, 2026 at 11:57 PM UTC · 1 Min. Lesezeit
Key Signal
$77,581.5 Bitcoin current price
Entities
bitcoin
Market Impact
BTC+1.34%$78,644
Last Updated
vor einem Tag
Übersetzung…
Price sits at $77581.5 inside the Bollinger Bands on the 4h chart, with EMA50 at $77287.25 acting as immediate support and EMA200 at $70819.96 anchoring the longer-term bullish structure; RSI at 43.12 shows neutral momentum while MACD registers a bearish death cross at -28.86, suggesting a healthy retracement toward the 50-EMA before any continuation higher toward upper-band resistance at $80282.66.
Follow the Story
- Aug 30Bitcoin: Hash Ribbons Precede Institutional Flip
- Sep 1Strategy raises $602.8M in stock sales, sends $369.7M to Bitcoin
- Sep 1Dogecoin and Bitcoin Advanced in August, but this Solana-Based Token Soared Nearly 100% and Outpaced Them
- Sep 1Bitcoin spot ETFs saw a total net inflow of $217 million yesterday, with BlackRock's IBIT leading at $206 million net inflow.
- Aug 30Bitcoin: Hash Ribbons Precede Institutional Flip
- Sep 1Strategy raises $602.8M in stock sales, sends $369.7M to Bitcoin
- Sep 1Dogecoin and Bitcoin Advanced in August, but this Solana-Based Token Soared Nearly 100% and Outpaced Them
- Sep 1Bitcoin spot ETFs saw a total net inflow of $217 million yesterday, with BlackRock's IBIT leading at $206 million net inflow.
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Originally reported by blockchain.news
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Market Context
Bitcoin
BTC
$78,644
+1.34% (24H)
Market Cap
$1.58T
24H Volume
$26.9B
24H High
$79,253
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