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Hasan Saleem

@hasansaleem

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BTC is poised for a significant rise after this pullback. The Hash Ribbon indicator, based on the hash rate, is one of the most accurate mid-term timers in Bitcoin. It shows when miners are struggling and shutting down due to reduced rewards post-halving, despite the same electricity costs. Hash Ribbon has given accurate signals in the past & is about to signal again (a blue dot on the chart). This situation looks bullish for BTC and possibly ETH. Alts have experienced a 5-month bull run followed by a 10-week pullback. Alts aren’t performing optimally due to several factors: 1. The Fed not cutting rates. 2. Numerous new large VC coins launched. 3. BTC ETF money from Wall Street not flowing into Altcoins. However, this could change in the next 6 months. The Fed might cut rates as the US economy weakens, and BTC & ETH profits from ETFs might flow into the ETH or BTC (L2) ecosystems. This could lead to a broader Altcoins bull market in the year’s second half, especially for Alts with strong narratives
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