New Bitcoin Indicator Based on Mining Activity Emerges, Where is BTC Heading?

Popular on-chain metrics analyst Willy Woo claims to have developed a Bitcoin price indicator that shows good opportunities to invest in the digital asset. He calls his discovery the “Bitcoin Difficulty Ribbon”.
The indicator looks at how mining impacts Bitcoin’s price. The analyst believes that miner capitulation in the wake of increasing difficulty reduces selling pressure and leaves space for bullish price action.
Willy Woo’s Bitcoin Difficulty Ribbon Indicates Mi