Bitcoin Rainbow Price Chart
Updated
This version of the Bitcoin Rainbow chart is a mathematically calculated logarithmic growth curve.
People use the charts Rainbow colored bands to determine whether Bitcoin price is currently under or overvalued.
*Is the Bitcoin Rainbow chart accurate?
Yes, it is a correct calculation of a logarithmic growth curve and captures historical long-term price movements within a channel formed around the log growth curve.
However, that does not mean that Bitcoin price has to continue to follow that same channel in the future.
Despite this, many people are watching this chart to see if it continues to follow it over time as Bitcoin price moves into a new market cycle.
*How is the Bitcoin rainbow chart constructed?
This is the most up-to-date version of the BTC Rainbow chart available on the internet.
It was generated in October 2023 so uses recent price data as well as historical data. This is the latest Bitcoin Rainbow Chart 2023.
It is not investment advice! MD
People use the charts Rainbow colored bands to determine whether Bitcoin price is currently under or overvalued.
*Is the Bitcoin Rainbow chart accurate?
Yes, it is a correct calculation of a logarithmic growth curve and captures historical long-term price movements within a channel formed around the log growth curve.
However, that does not mean that Bitcoin price has to continue to follow that same channel in the future.
Despite this, many people are watching this chart to see if it continues to follow it over time as Bitcoin price moves into a new market cycle.
*How is the Bitcoin rainbow chart constructed?
This is the most up-to-date version of the BTC Rainbow chart available on the internet.
It was generated in October 2023 so uses recent price data as well as historical data. This is the latest Bitcoin Rainbow Chart 2023.
It is not investment advice! MD
Trade active
The current situation suggests that the orange zone is coming and we will see it in 2025.
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