What is the Rainbow Chart for Bitcoin? - Cryptolandoff

What is the Rainbow Chart for Bitcoin?

The Bitcoin Rainbow Chart is a long-term valuation tool that displays price patterns through logarithmic regression.

Color bands on the chart show if Bitcoin is in a bubble, overpriced, or undervalued.

During market cycles and price corrections, investors utilize the Rainbow Chart to help them make well-informed decisions.

From "Fire Sale" to "Bubble Territory," each color band denotes a distinct level of market mood.

The Bitcoin Rainbow Chart can be helpful for examining the past, but it is not a reliable indicator of future prices.