Wed. Apr 24th, 2024

Bitcoin (BTC) Rainbow Chart Shows $100,000 Price Prediction

Bitcoin Rainbow Chart

✍️ 18 October, 2022 – 17:40 👤 Editor: Jakub Motyka

According to the famous Bitcoin rainbow chart, the prediction says that the price of BTC could reach USD 100,000 or more by 2025. If you have searched for models and predictions about the price of Bitcoin and cryptocurrencies, you have surely seen it. It is a predictive model in the form of a rainbow, which shows a logarithmic growth curve indicating the possible evolution of the BTC.

Bitcoin’s rainbow chart was designed by Über Holger, CEO of Holger, using a logarithmic regression introduced by a Bitcointalk user in 2014. However, Holger himself admits to placing the bands of colors in a totally arbitrary way and without any scientific basis. Interestingly, the evolution of the value of BTC has followed the graph perfectly, to the point of being considered as a reliable predictive model.

What Are The Bitcoin Rainbow Chart Predictions?

Continuing with the graph, the price of Bitcoin is at the best point of purchase for those who want to take advantage of the next rise. In this way, the prediction says that Bitcoin (BTC) could reach USD 100,000 in early January 2025, after entering an accumulation stage or green band.

Bitcoin Rainbow Price Chart
Rainbow chart of the price of Bitcoin (BTC) until 2025 prepared by BlockchainCenter.net.

It should be noted that according to this model, Bitcoin could reach USD 700,000 that same year, in one of the most optimistic scenarios of all. To do this, it would have to reach the red zone called “Maximum Bubble Territory”. This has already been conquered several times, during the uptrend of 2017 and 2014.

What Do The Experts Think About The Bitcoin Rainbow Chart?

Despite its popularity and curious accuracy, the rainbow chart should not be treated as a predictive tool, as it lacks a scientific basis. According to Twitter user Eric Wall, the rainbow model is better than the Bitcoin’s popular Stock-to-Flow. However , he points out that it is still one more tool to “meet people’s demand for a colorful lunar forecast”.

As a side note, the original Holger chart was missing the last indigo colored band, labeled 1BTC=1BTC. This was added after the price briefly broke out of ranges during the 2020 dip.

More crypto news:

🎁 Nuestro partner te regala 15€ por comprar criptomonedas:

ℹ️ Descargo de responsabilidad: El contenido educativo de este sitio web se ofrece de buena fe y solo con fines de información general. Criptokio prioriza proporcionar información de alta calidad, tomándose el tiempo para investigar y crear contenido informativo para los lectores. Si bien los socios pueden recompensar a la empresa con comisiones por las ubicaciones en los artículos, estas comisiones no influyen en el proceso de creación de contenido imparcial, honesto y útil. Cualquier acción tomada por el lector en base a esta información es estrictamente bajo su propio riesgo.

Angélica Añez, redactora en Criptokio

By Angélica Añez

Tras varios años escribiendo, lo que más disfruto de redactar es aprender. Poco a poco voy entrando más en el mundo de los criptos y conociendo más sobre el tema, interesándome especialmente los NFT y todo lo relacionado con el arte como token.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *