🌈 Bitcoin enters the "Fire Sale" zone for the first time since December 2023
The Rainbow chart shows that the $BTC has just touched the so-called "Fire Sale" zone, a level historically associated with extreme undervaluation.
The last time was in December 2023, when the price was around $42,000. This lowest band of the logarithmic model appears rarely and has, in the past, coincided with major accumulation zones in the long term.
$BTC
The Rainbow chart shows that the $BTC has just touched the so-called "Fire Sale" zone, a level historically associated with extreme undervaluation.
The last time was in December 2023, when the price was around $42,000. This lowest band of the logarithmic model appears rarely and has, in the past, coincided with major accumulation zones in the long term.
$BTC