💰 #Bitcoin Rainbow Channel 🌈

What is a Rainbow?

- The Rainbow price chart is a long-term valuation tool for Bitcoin. It uses a logarithmic growth curve to forecast the potential future price direction of Bitcoin

🔥Warm Colors reflect the latest market phases (sell off territory)

❄️Cool Colors reflect the early market phases (accumulation territory)

Here is an interesting part Despite of the rise up to above $70k We are not even in 'Warm Colors' territory - it's still good levels for accumulating if we talk above Hodl strategy!

Where it's worth to sell?

Optimistic Levels

🟠Lighter Orange Zone $180k - $250k

🟠Darker Orange Zone $250k - $350k

Conservative Levels

🟡Yellow Zone - $140k - $180k

I do not consider 🔴Red Zone as it's a less likely option!

Do not forget that halving is approx. in 11 Days and it's the last chance before we take off🚀