Bitcoin (BTC) has been experiencing low volatility and is currently seeking support at the $95,000 level. While there is no clear buying or selling initiation, the state of Bitcoin mining operations indicates a good buying opportunity for investors in the medium-term and long-term. The Hash Ribbons metric, which assesses mining operations, suggests that mining activity is under pressure and miners may be capitulating. Historically, this signal has preceded strong Bitcoin rallies. The current downtrend in the Bitcoin price is seen as a temporary pullback, and if market uncertainty continues, the price could seek support at the range bottom. However, a breakout above a resistance level of $108,022 could lead to a potential rally to $120,000 and $150,000.



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