Bitcoin: Hash Ribbons Precede Institutional Flip

Latest Update
8/30/2026 11:33:00 PM

Bitcoin: Hash Ribbons Precede Institutional Flip

Bitcoin cycle discussion on Hash Ribbons recorded before July institutional buying turned positive, setting up the BTC pump at $77581.5 with 4h chart confluence.

Analysis

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.

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.

Bitcoininstitutional buyingHash RibbonsBTC pumpon chain metrics

Founder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.

Loading…

Trending topics

DeepSeek
ChatGPT
Claude
AI video Generator
Ethereum
NFT

Source: blockchain.news