$BTC BROKE THROUGH ALL THE BANDS ON THE RAINBOW CHART
Why is this so important?
Cause this has only happened at a few of the most extreme moments in Bitcoin’s history
The last time BTC spent meaningful time below this blue zone was around the 2022 cycle bottom
Now it’s happening again
And there’s something interesting about this chart:
Bitcoin usually doesn’t stay below the long-term valuation bands for very long
The question is no longer whether BTC can go lower
It’s how long the market will allow Bitcoin to trade this far below its historical trend
Why is this so important?
Cause this has only happened at a few of the most extreme moments in Bitcoin’s history
The last time BTC spent meaningful time below this blue zone was around the 2022 cycle bottom
Now it’s happening again
And there’s something interesting about this chart:
Bitcoin usually doesn’t stay below the long-term valuation bands for very long
The question is no longer whether BTC can go lower
It’s how long the market will allow Bitcoin to trade this far below its historical trend