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Bitcoin miner indicators and market sentiment signal a buying opportunity, with $90,000 as a key support level

Bitcoin miner indicators and market sentiment signal a buying opportunity, with $90,000 as a key support level

AIcoinAIcoin2026/01/20 11:07
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Cointelegraph analysis shows that Bitcoin miner indicators and market sentiment indexes have recently issued simultaneous "buy" signals. The hash ribbon indicator (based on the 30-day and 60-day hash rate moving averages) suggests that the miner capitulation phase may be over. Historically, this signal has often coincided with price discounts and long-term buying opportunities. The last time this signal appeared was in July 2025, after which Bitcoin rose by 25% to an all-time high. In addition, the 30-day moving average of the Crypto Fear & Greed Index has crossed above the 90-day moving average for the first time since May 2025, indicating a shift in market sentiment from prolonged fear to optimism. Analysts point out that $90,000 is a key support level; if breached, Bitcoin may fall to the $80,000–$85,000 range, or even test the April 2025 low of $74,500 and the 200-week moving average at $68,000.
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