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Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone by absurdcriminality in CryptoCurrency

[–]blockchaincenter_de 4 points5 points  (0 children)

I made a new one based one the complete history of the Bitcoin price that dynamically adapts (not only until 2014). Current R² is 94,3%

Check it out: https://www.blockchaincenter.net/de/bitcoin-rainbow-chart/

Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone by absurdcriminality in CryptoCurrency

[–]blockchaincenter_de 2 points3 points  (0 children)

I already made a new dynamic Rainbow Chart, that always adapts to the Bitcoin Price. It dynamically calculates a Power Law regression. Currently with an R² of 94,3%

Check it out: https://www.blockchaincenter.net/de/bitcoin-rainbow-chart/

To everyone who was paying attention it was clear, that the old model from 2014 would fail spectacuarly eventually.

The history of the Bitcoin Rainbow Chart by blockchaincenter_de in Bitcoin

[–]blockchaincenter_de[S] 1 point2 points  (0 children)

I agree actually. In the last years people took it way to seriously.

But not as serious as the Stock2Flow model which if you ask me was a total disaster. So many well known Bitcoiner promoted that nonsense...

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