Bitcoin’s rainbow chart was combined with a technical analysis of the weekly BTC price chart.
The first half of 2025 could see Bitcoin establish the cycle’s high-water mark.
Bitcoin [BTC] prices have climbed higher since the 12th of September. The uptrend had many pullbacks and halts, but the trend was clear on the higher timeframe price charts.
Despite the many rumblings and failures inside the crypto industry in 2022, the king stood strong.
The end of 2023 is near, and the next Bitcoin halving is estimated to occur in April 2024. Looking into the future is impossible, but that doesn’t mean we can’t plan for it. So what will 2024 and 2025 yield in the BTC markets?
What new highs could we see? One strong contender for the crystal ball status is the Bitcoin rainbow chart.
It’s a good time to buy BTC, according to the rainbow chart

Source: BlockchainCenter.net

The Bitcoin rainbow chart is a fun-looking, colorful chart that outlines where BTC is at. Each color band has a meani

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