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Bitcoin Hash Ribbons Have Confirmed [price analysis]The Hash Ribbon is a market indicator that assumes that Bitcoin tends to reach a bottom when miners capitulate. Miners capitulate when their mining costs. The Hash Ribbons indicator is a truly unique tool for technical analysis that's made of two specific metrics � 30 and day simple moving. The hash ribbon indicator is a tool used in Bitcoin trading. It consists of two simple moving averages (SMAs) of Bitcoin's hash rate: the day and day SMAs.