Long-term investors can draw solace from the fact that the dominance and RSI trends did not match the previous cycle tops.

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.

Many Bitcoin investors use a long-term strategy and use tools such as the Bitcoin Rainbow Chart. This graph gives an ...

Bitcoin faces price struggles despite positive news, with key indicators suggesting a potential correction ahead.

Source: Bitcoin Rainbow Chart – Blockchaincenter In the long term, most practitioners in the crypto market remain bullish on Bitcoin, but in the short term, the crypto market may continue to be ...