“Buy” Hash “Buy” trigger – a signal set on the Bitcoin’s Network Hashrate Dynamics network – has flashed again, and the technical analyst Astronomer Zero thinks that this can pave the way up to at least 170,000 USD per coin. Chart of an analyst published on X on June 12 on applying every week during a ribbon from the frame from 2020 on BTC/USDT Perpetual Contract on Binance, illustrating why the signal is treated with almost talismanic respect by some quantitative investors.

Bitcoin increases to $ 170,000 inevitable?

The graphics show the five previous speeches of the capitulation crossover to recover the shortcut ribbon built into the algorithm. Each of them is marked on the price panel by a cobalt-blue dot “buy” directly under weekly candles and associated with the resulting rally by the purple measuring arrow.

After the signal at the end of 2020, Bitcoin accelerated by 235% compared to the consolidation floor worth USD 18,000 to challenge the highest zone in just above $ 60,000, before any sedate pulch appeared. The ribbon event in mid-2012 was more modest-$ 59% from the base of 30,000 USD in a resistance of nearly 48,000 USD-but still respect the principle that the market rewards the crossover with a significant escalate.

The next two signals, printed at the end of 2022 and at the beginning of 2023, were much stronger: 260% escalate from the surrender trough below USD 18,000, and then 175% leg in mid -2023, which was purely to the long -term delivery shelf in the area of ​​60,000 USD. In mid -2024, the shortcut signal led to a 100% rally above 100,000 USD.

Recently, she cut the ribbon again three weeks ago, and Bitcoin cited about $ 105,000 to a weekly closure. The analyst tells about the current price of USD 106,873 and attracts a fresh horizontal barrier on the band 160,000–165 000 USD-level, which would be in line with the average size of previous progress after signals. If the market only matched the smallest historical percentage (~ 60%) from the current crossover, the place would extend to the 170,000 USD region indicated on the scarlet on the chart.

The logic of the Hash ribbon is mechanical. When the 30-day average mobility of the hashrat network rises above the 60-day average after the surrender of Górnik, the chain observers will read it as a total, which forced pressure to sell. In the past, this passage coincided with aggressive accumulation of stains noticeable on the chain and in the position of derivatives.

Skeptics will notice that correlation is not a cause and that the six -digit quote for bitcoins is already baking in the influx of ETF, the approaching shock of supply by half and a global fluidity cycle that could still tighten. Despite this, the Astronomer Zero chart emphasizes an objective fact: in the last half decade “buy” Hash ribbon never fired. Regardless of whether Rhythm History repeats or only rhyme, traders observe the level of USD 170,000 marked on the chart as the next test of this record.

During the BTC press it has dropped by 3.1% in the last 24 hours, trading 104,898 USD.

A distinguished painting created from Dall.e, chart from tradingview.com