List of Flash News about Bitcoin Rainbow Chart
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2025-05-26 11:31 |
BTC Hits New All-Time High: 4 Key Indicators Signal Bitcoin Price Trend - Rainbow Chart Analysis & Trading Insights
According to Lookonchain, Bitcoin (BTC) reached a new all-time high last week, sparking trader interest in whether the price will continue to climb or begin a correction. Lookonchain used four indicators, including the Rainbow Chart from blockchaincenter.net, to analyze BTC's current cycle top. The Rainbow Chart, a long-term valuation tool based on logarithmic growth, suggests BTC is entering a historically overvalued zone, which has preceded previous cycle tops (source: Lookonchain Twitter, blockchaincenter.net). Traders are advised to closely monitor these indicators for signs of trend reversal or continuation, with heightened volatility expected. Understanding these on-chain analytics and technical signals is critical for managing risk and identifying entry or exit points in the crypto market. |