I am the author of the original Bitcoin Rainbow Chart on blockchaincenter.net.

As you may know… It is dead! We already added a new color to prolong its life but even that could not save it.

BUT: The model behind the original Rainbow Chart was from 2014…we now have 12 more years of data to fit a curve…

And thats what I did. The new Bitcoin Rainbow is dynamic which means it calculates a new regression up until the current day… So if we make a lower low, it will adapt.

The Bitcoin Rainbow Chart is dead, long live the Bitcoin rainbow Chart

submitted by /u/blockchaincenter_de [link] [comments]

r/CryptoCurrencyRead More

You might also be interested in reading Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church.