Analysis: Bitcoin shows "bullish signals for the future," with $90,000 as a key price

According to market news, Bitcoin miner indicators and the market sentiment index have recently issued "buy" signals simultaneously, bringing positive signs to the market.

The Hash Ribbon indicator (which measures the 30-day and 60-day moving average of hash rates) has shown a "buy" signal, indicating that the miner surrender phase may be coming to an end. Historically, 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% to its all-time high. Meanwhile, the 30-day moving average of the Crypto Fear and Greed Index has 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 positivity. Analysts emphasize that $90,000 is a key psychological and technical support level that Bitcoin must hold, coinciding with the 200-period moving average on the four-hour chart and the lower boundary of a bearish flag on the weekly chart. If this level can be maintained, buyers will still control the situation, and a rebound is expected; if the weekly closing price falls below this level, it may further test the $80,000 to $85,000 region, or even challenge the April 2025 low of $74,500 and the 200-week moving average of $68,000.