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Bitcoin's Once-in-4-Years Signal: Dynamic Rainbow and 200WMA Sync for Buying

Bitcoin's Once-in-4-Years Signal: Dynamic Rainbow and 200WMA Sync for Buying
Photo: U.Today

BTC when published $83,250Now $80,617 ▼ −3.16% since it was published

While the attention of the general public has shifted from Bitcoin, drifting in a sideways range, to more volatile assets, its long-term metrics have completed the transition into a phase of a deep cyclical bottom. The analytics platform Lookonchain has detected a synchronization that in past macro cycles opened the door to the largest rallies: the asset's price has simultaneously dropped into zones of strong undervaluation on the Dynamic Rainbow Chart and on the 200-week moving average heatmap (200WMA Heatmap).

First reported by U.Today. This page is a short excerpt; the full text is theirs.

Read the full story at U.Today (opens in a new tab)

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