Bitcoin Rainbow Index
Hopefully the Bitcoin Rainbow Index performs well during the next bull market. If we can get up into the red area during this next bull market (even if we hold the red area very briefly) we will probably be around the $300k area. In regards to whether the bull market has begun already I would say this: Although it may be slightly early to already begin a new bull market (historically speaking), we have had an unusual amount of pain during this bear market which I think may cause the bear market to end early (Luna, Celsius, FTX). Of course this chart is not "scientific" but what is? Nothing is.
https://twitter.com/BTCRainbowIndex/status/1615385383168278528?s=20&t=Z0VDBX-s5KD9txkvu1bw7Q
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