For crypto enthusiasts, that zone has historically represented extreme pessimism — and, in hindsight, some of Bitcoin's best long-term buying opportunities. But this time, the chatter is also about whether one of crypto's oldest valuation models has finally outlived its usefulness, and if we are on the other side of the rainbow.
Bitcoin has fallen below the "Rainbow Chart" 's extreme pessimism zone, historically a signal for long-term buying opportunities. This current downturn, however, also sparks debate on whether this classic crypto valuation model remains relevant, or if we've entered a new phase…
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