https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
If you subscribe to the theory that Bitcoin (and the greater crypto markets) adhere to a four year cycle, you’re probably familiar with logarithmic regression and diminishing returns. You’ll be interested to know that the Bitcoin Rainbow Chart linked above is flashing the biggest buy signal in its arsenal.
Could we go lower? Definitely.
Could this be the bottom? Possibly.
Don’t be too paralyzed with fear that you’re perpetually waiting for lower prices and never actually make a move. If you haven’t already, now is a good time to begin some weekly DCA buys because the risk levels are becoming much more attractive.
Your lizard brain is what tells you to jump on BTC at $69k, but it’s way too dangerous at $20k.
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