Jamie Coutts, chief crypto analyst at Real Vision, notes a bullish Bitcoin indicator, suggesting a potential reversal might be nearing. According to Coutts, Bitcoin’s hash rate decline is slowing, which typically precedes market bottoms and reversals post-halving events. However, a stabilization in the downtrend is necessary for a bullish reversal to occur. Crypto experts like Willy Woo and Ki Young Ju echo similar sentiments, emphasizing that inefficient miners will exit the market, which will recover once more efficient mining hardware is adopted. Despite ongoing selling pressure from nearly 50,000 BTC released by the German government, analysts remain optimistic about Bitcoin's long-term prospects. At the time the article was written, Bitcoin traded at $58,300, up 2% in the last 24 hours.