Bitcoin has shown resilience in recent weeks, trading comfortably above the $61,000 threshold. The coin’s price recently increased by over 7%, bringing it to $64,003.47, with a market capitalization surpassing $1.2 trillion. This bullish performance comes amidst a backdrop of fluctuating market conditions and technical analysis predictions.
The Rainbow Chart’s Bullish Signal
One of the most intriguing indicators is the Bitcoin Rainbow Chart, which is currently suggesting that BTC remains “cheap.”·
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