Bitcoin Shows "Bullish" Signals, $90,000 Becomes a Key Level

According to Cointelegraph analysis, Bitcoin miner indicators and market sentiment indices have recently issued "buy" signals, bringing positive signs to the market.

Miner Indicator: Hash Ribbon Signals Buy

The Hash Ribbon indicator (measuring the 30-day and 60-day moving averages of hash rate) has shown a "buy" signal, indicating that the miner capitulation phase may be ending.
Historical data shows that this signal often coincides with significant price discounts and long-term buying opportunities.
The last time this signal appeared was in July 2025, after which Bitcoin rose 25%, reaching a historical high.

Market Sentiment: Fear Index Turns Positive

The 30-day moving average of the Crypto Fear and Greed Index crossed above the 90-day moving average for the first time since May 2025, suggesting that market sentiment is shifting from long-term fear to optimism.

Technical Key Level: $90,000

Analysts emphasize that $90,000 is a critical psychological and technical support level that Bitcoin must hold:

• Coincides with the 200-period moving average on the 4-hour chart and the lower boundary of the weekly bearish flag pattern.

• If maintained, buyers remain in control, and a rebound is possible.

• If the weekly closing price falls below this level, further declines to $80,000–$85,000 may occur, potentially testing the April 2025 low of $74,500 and the 200-week moving average at $68,000.

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