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Bitcoin Rainbow Chart entered new color: 🟧 Is this a bubble?

Bitcoin Rainbow Chart entered new color: 🟧 Is this a bubble?



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4 Comments

  1. tldr; The Rainbow Chart is meant to be be a fun way of looking at long term price movements, disregarding the daily volatility “noise”. The color bands follow a logarithmic regression, but are otherwise completely arbitrary and without any scientific basis. It will only be correct until one day it isn’t anymore.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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