Bitcoin just hit the 'death zone' on the Rainbow Chart for the second time in history, following a 50% drop from its peak of $126,000. The last time was in 2022 at $15,000, before a strong comeback. But what's different this time?
The ETF and institutional money flow has changed the game. The traditional 4-year cycle is losing its effectiveness. Instead of price predictions, this chart now reflects extreme sentiment more than buy/sell signals.
Many experts believe this is an undervalued zone, but there are also opinions that the model is outdated. I lean towards a cautious perspective: the market is maturing, and volatility is decreasing.
Risk management is still number one. Don’t buy just because of a chart. Do your own research and understand the macro context.
#BTC #PhânTích #ĐầuTư #RainbowChart
The ETF and institutional money flow has changed the game. The traditional 4-year cycle is losing its effectiveness. Instead of price predictions, this chart now reflects extreme sentiment more than buy/sell signals.
Many experts believe this is an undervalued zone, but there are also opinions that the model is outdated. I lean towards a cautious perspective: the market is maturing, and volatility is decreasing.
Risk management is still number one. Don’t buy just because of a chart. Do your own research and understand the macro context.
#BTC #PhânTích #ĐầuTư #RainbowChart