Bitcoin rainbow chart

If someone submits incorrect information to NEAR’s light client, then all funds from Rainbow Bridge can potentially be drained. To combat this, the bridge uses a consensus of NEAR validators to validate incoming information, alongside automated watchdogs. The Art of Supply Chain Management In 2020, the ‘Accumulate’ phase was slightly longer, lasting from May to October, and Bitcoin failed to climb to the maximum. However, it came fairly close – in the ‘Sell. Seriously. Sell!’ area within only four months – in February 2021 and staying there, interchangeably with the ‘FOMO intensifies’ phase, until August, indicating that summer 2023 could be decisive for Bitcoin as it could reach $114,957 – $151,925.

In a way, this means that the graph evolves over time, but it also means that the graph is more correct today than it was a while ago. Or that it is more wrong today than it will be tomorrow. Although the Bitcoin Rainbow Chart is based on a price prediction model, it cannot be taken as 100% correct as its predicted values change as a new value is added to the chart. The 2014 chart, although without the logarithmic regression, was extremely different from what we see today, as it took as reference the price increase of 2014 and the fall of 2010. But in fact, the chart is full of information, which when analyzed correctly, can point you in a general direction from where your assets can reach. Rainbow_chromastone Indeed, if Bitcoin’s rainbow chart is to follow earlier patterns, this means that it could end up in the ‘Maximum Bubble Territory’ by the end of the year, taking into account that the same thing happened in 2017 when BTC rose from the ‘Accumulate’ phase in May to the ‘Maximum Bubble Territory’ in December.