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Bitcoin Rainbow Chart Foresees $250K Value by Fall 2025

The Essentials in Brief

The Bitcoin Rainbow Chart predicts a possible increase in the BTC value to 250,000 US dollars by September or October 2025. This prediction is based on historical data and the pattern of price development after the halvings. Despite the current bearish sentiment and the warning signs of a possible further price drop, long-term trends point to a bullish development. Nevertheless, caution is advised as market sentiments can change quickly and external factors such as the Mt. Gox repayments could affect prices.

Understanding the Bitcoin Rainbow Chart

The Bitcoin Rainbow Chart is a popular tool that represents the price development of Bitcoin on a logarithmic scale. This colourful chart divides the market into different zones – from “Bitcoin is dead” to “Maximum bubble territory. Currently, BTC is in a zone that strongly suggests a buy signal. The assumption that we are still in the discovery phase of this cycle strengthens the bullish long-term forecast.

What do the Cycles Say?

Historically, the last two cycle peaks occurred 17 to 18 months after a halving. If this pattern is applied to the current cycle, the peak could be reached in the period from September to October 2025. Even a conservative estimate that assumes BTC does not go beyond the “HODL” zone would mean a value of 260,000 US dollars. Should Bitcoin enter the “Is this a bubble?” territory, the value could even rise to 373,000 US dollars.

Current Market Sentiment and Indicators

The Coinbase Premium Index has been negative for a month, indicating a waning interest from American investors. Another indicator of the bearish market sentiment is the sharp decline in Open Interest (OI) in the futures market, suggesting that many participants are currently holding back. This restraint could, however, have positive long-term effects by pushing overly leveraged bulls out of the market and thus contributing to a more stable price development.

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Influence of External Factors

The news about the repayments of Mt. Gox and the resulting effects on the market show how external events can influence the crypto markets. Such events can trigger short-term price fluctuations and require investors to always stay up to date and adjust their strategies accordingly.

Our Assessment

While the long-term forecasts for Bitcoin appear positive, it is important not to underestimate the short-term risks and the volatility of the market. Investors should pursue a balanced strategy that takes into account both the promising prospects and the potential pitfalls. Careful observation of market indicators and external influences can help make informed decisions.

Sources: AMBCrypto, CryptoQuant, Farside Investors

Casinos: 50
Profile Bitcoin
Symbol BTC
Coin type Alt Coin
Transaction Speed Slow
Pros
  • First cryptocurrency, therefore very widespread
  • Largest selection of casinos among the coins
  • Many BTC based bonus offers
Cons
  • Fairly low transaction speed
Price $97,475.00
24h % 0.64 %
7d % -3.91 %
30d % 0.66 %
60d % 44.33 %
1y % 122.74 %
Market Cap $1,931,594,074,838.00
Max. Supply 21,000,000.00
Official Links
Socials Reddit | X | Message Board
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Last update: 25. September 2024

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