- The Bitcoin Rainbow Chart is extreme Bullish in the long term and projects a potential goal of $ 200k-250k by the end of 2025
- Technical analysis helped the expectations of the temperature and showed that the trend remained for the time being Bearish
Bitcoin [BTC] acted at $ 84.5K at the time of the press. The trade session on April 14 is expected to be volatile, and the rest of the week could see BTC losses.
As The Kobeissi Letter be on it, the uncertainty about the bond market Could influence the stock markets and in turn the crypto market.
In an earlier report, it was pointed out that a peak in the open interest (OI) was careful, but there was a chance of a movement to $ 87k. Despite this possibility, traders and investors should not expect a bullish breakout.
The crypto fear and greed index was at the age of 31 and showed intense fear in the market. Market volatility, involvement of social media, volume, Google Trends and BTC -Dominance data are used to calculate the crypto fear and greed.
The graph showed that sentiment has been frightened since February.
This trend has not changed bullishs, although BTC was again above the key horizontal level at $ 82.5k. The market -wide unrest must settle before Bitcoin can go up trend.
Bitcoin is “still cheap” claims the rainbow graphic
The Bitcoin Rainbow Chart meant a buying option for long -term investors. It showed that BTC was “still cheap”. In earlier bull runs, the “sales, serious sales!” Territory or the maximum bubble area has marked the cycles tops.
Assuming that something similar happens at the end of 2025 and BTC reaches the “sales!” Territorium, the price would be around $ 250k, according to the Bitcoin Rainbow Chart.
Although the graph is fun, easy to read and inherently extreme bullish in the long term, investors must be careful and not use them exclusively to make their decisions.
Source: BTC/USDT on TradingView
The 1-day graph showed that the Trend Beerarish remained. The price has not made a new higher high last month and searched under a trend line resistance. The MFI was just above 50 to show a bullish market.
The DMI showed that a strong trend was not underway, because the ADX (yellow) was younger than 20. With a bearish structure and anxious sentiment, traders and investors can set aside or stay on BTC.
However, the construction of liquidation levels around $ 89.5K meant that it was a feasible price objective in the short term.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
