Bitcoin Rainbow Chart says ‘accumulate’ – But analysts warn of bear market
Bitcoin briefly rallied to $89,300 following eased geopolitical tensions, but the overall trend remains bearish. On-chain analysts indicate whale accumulation is rising while retail investors exit. Traditional bullish models like Stock-to-Flow and Power Law have failed to predict market behavior. Both the Bitcoin Rainbow Chart and Pi Cycle Top indicator did not signal a market top, unlike previous cycles, suggesting either an incomplete cycle or a prolonged bear market. Analysts caution that underlying data supports a deepening crypto winter, contradicting more optimistic informal indicators. The market awaits clearer signals from macroeconomic events and spot flow momentum.
ambcrypto01/28 07:02
