Hash ribbons, an indicator with a proven track record of spotting opportunistic entry points for bitcoin, has flashed a buy signal suggesting now is a prime period to purchase the peer-to-peer currency.

Knowing when is the best time to make an investment is the desire of many but the accomplishment of few. Indeed, investment strategies such as dollar-cost averaging (DCA) have emerged to remove the guesswork from the equation and enable a more stress-free investing experience. Notwithstanding, many still look for opportunities to make a significant allocation that promises outsized returns. While there’s no single indication of when such a time is here, strategies exist to aid spotting these periods –– and, in the Bitcoin world, hash ribbons is one of them.

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