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.
CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events. Cathie Wood of Ark ...
You can’t get a more bearish chart for BTC than this. Only an incredible event can turn it around. $60,000 is a destination, and $40,000 is a possibility.