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Bitcoin Hits Record High, but the Rainbow Chart Hints at Even Wilder Rides Ahead

November 12, 2024
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While bitcoin recently hit a record-breaking $89,983, the widely followed rainbow chart—known for illustrating bitcoin’s long-term price movements and market sentiment on a logarithmic scale—sits surprisingly low compared to previous bull run peaks. The Popular Bitcoin Rainbow Chart Teases Six-Figure Future Bitcoin has been on a wild ride over the past month, with prices suggesting […]
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