Long-term investors can draw solace from the fact that the dominance and RSI trends did not match the previous cycle tops.
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Bitcoin Rainbow Chart predictions: BTC to $450K by 2025?With BTC down 7% in Q2 and stuck within the $60K—$71K price range, gauging whether it is overvalued or undervalued using the Bitcoin Rainbow Chart is crucial. On a YTD (Year-to-Date) basis, BTC ...
Bitcoin [BTC] saw a 6.89% price bounce from the 10th of March’s 1-day trading session price, closing at $78.6k. It has ...
Many Bitcoin investors use a long-term strategy and use tools such as the Bitcoin Rainbow Chart. This graph gives an ...
The Bitcoin Rainbow Chart indicates that the price is “still cheap” as it imitates the 2021 bull cycle, where the Relative Strength Index (RSI) stayed above 70 for weeks before declining.
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What’s in store for Bitcoin based on the BTC decay prediction modelThe Rainbow Chart does not put limits on the upside, but warns of bubble conditions above a certain price. Failing patterns can happen in both bear and bull markets. For Bitcoin, there are ...
Several onchain and technical Bitcoin price metrics have turned bearish, suggesting that $90,000 might be the short-term top ...
Bitcoin has fallen below $80,000, down 27% from its January peak, but market indicators suggest this may be a mid-cycle correction rather than a major market top.
Bitcoin futures on CME had their biggest drawdown in history for the past three months. There are signs the trend may reverse ...
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