$BTC Is Still In The Buy Zone đ”
As per the Rainbow Chart (28 Aug 2024) BTC is still in the "BUY ZONE" which is below $70K. Considering an estimated buy zone, $65-70K is still cheap.
In the previous cycle, it hit the "BUBBLE" zone which was the blow off top at $69K. After that in the next 2-3 weeks the Alts were on their final explosive run before the bear market kicked in.
During this cycle as per the chart, the Bubble zone will be above $200K. And that is humongous. đ
I think it'll hit the "FOMO" zone which is above $300K.
What do you think? đŹ
Remember, BTC broke above the "Maximum Bubble Territory" during the 2012 cycle.
