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 분 소요
Key Signal
$77,581.5 Bitcoin current price
Entities
bitcoin
Market Impact
BTC-0.51%$77,736
Last Updated
3시간 전
번역 중…
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
- Aug 31Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support
- Aug 31Bitcoin holds at $77K amid inflation jitters – Uniswap, PancakeSwap extend gains
- Aug 31Crypto Weekly Digest | Bitcoin Rejected at $81K; Cronos Protocol Hacked for $74M; BlackRock ETFs See $312M Inflows
- Aug 30Bitcoin: Hash Ribbons Precede Institutional Flip
- Aug 31Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support
- Aug 31Bitcoin holds at $77K amid inflation jitters – Uniswap, PancakeSwap extend gains
- Aug 31Crypto Weekly Digest | Bitcoin Rejected at $81K; Cronos Protocol Hacked for $74M; BlackRock ETFs See $312M Inflows
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Originally reported by blockchain.news
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Market Context
Bitcoin
BTC
$77,739
-0.51% (24H)
Market Cap
$1.56T
24H Volume
$19.3B
24H High
$79,372
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