For First Time Ever, Bitcoin Hash Ribbon Golden Cross Has Failed

On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever.
Bitcoin Hash Ribbons Have Recently Formed A Death Cross
As pointed out by an analyst in a CryptoQuant post, the BTC Hash Ribbon model has failed for the first time in the crypto’s history.
The relevant indicator here is the “mining hashrate,” which measures the total amount of computing power connected to the Bitcoin network right now.
When the value of