๐Ÿ“Š Bitcoin Rainbow Chart enters "Fire Sale" zone

BTC at ~$84k is now in "undervalued territory" according to the rainbow model.

For context:

โ€ข This indicator has historically marked great accumulation zones

โ€ข Previous "fire sale" entries: 2015, 2018, 2022

Of course, it's just one model. But when multiple indicators align...

Source: Bitcoin Magazine

Are you buying or waiting? ๐Ÿงก

#bitcoin #markets

Reply to this note

Please Login to reply.

Discussion

No replies yet.