Long-term investors can draw solace from the fact that the dominance and RSI trends did not match the previous cycle tops.

With BTC down 7% in Q2 and stuck within the $60K—$71K price range, gauging whether it is overvalued or undervalued using the Bitcoin Rainbow Chart is crucial. On a YTD (Year-to-Date) basis ...

Bitcoin [BTC] saw a 6.89% price bounce from the 10th of March’s 1-day trading session price, closing at $78.6k. It has ...

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 correction rather than a major market top.

Below, we take a closer look at bitcoin’s chart and apply technical analysis to identify crucial price levels to watch out for. Bitcoin’s price has carved out two peaks around the same level ...