Long-term investors can draw solace from the fact that the dominance and RSI trends did not match the previous cycle tops.
Bitcoin Rainbow Chart shows BTC signals accumulation. Prediction models and analysts forecast a major BTC rally in the next few months. Bitcoin [BTC] rallied over 68% in Q1 2024, but Q2 headwinds ...
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.
Bitcoin has fallen below $80,000, down 27% from its January peak, but market indicators suggest this may be a mid-cycle ...
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.
The 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 ...
The past few weeks have been highly volatile for bitcoin (BTC), with price action reflecting sharp swings. In the past two weeks bitcoin traded on an open-high, lower-close candlestick pattern with ...