If you have any questions, feel free to hit me up on Twitter or contact our PR Department. As you can see, even in the new model we are in the lowest “Fire Sale” band, so fingers crossed! The result is this beautiful rainbow that will hopefully have a brighter future than the old one. One that is the best fit for all of Bitcoin highs (red) and one that includes only the lows (blue).
Bittorrent coin price prediction 2030 full#
The rainbow is still not a full rainbow that goes back down, because that is not how Bitcoin works!.We kept the legend labels and the colors (still no indigo)!.You can add more years to the rainbow chart.You can now zoom and pan into the chart as you like.But due to the recent events the potential trajectory for the Bitcoin Price is not as bullish as the old one.The new fit explains every move so far (the old one had a couple of wicks outside the rainbow).
The Rainbow Chart V2 is based on a completly new formula, fitted with data until 2022.So instead of letting the rainbow chart die or simply add more colors (indigo, ultraviolet anyone?), we remodeled the Bitcoin Rainbow Chart! So, what’s new? Since then, we have a lot of new Bitcoin price data. But after a brutal 2022 in the crypto industry it was just no longer valid. Seriously, SELL! FOMO intensifies Is this a bubble? HODL! Still cheap Accumulate BUY! Basically a Fire SaleĪs you may have noticed: The original Bitcoin Rainbow Chart is dead! The chart, which was based on a model developed in 2014, held for quite some time.
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