🚨 Bitcoin’s Rainbow Chart Still Has Everyone Watching One of the oldest $BTC valuation models is back in focus. Bitcoin recently bounced right around the lower edge of the Rainbow regression zone — a level many long-term traders still track despite multiple recalibrations over the years. That support area currently sits near $70K, and so far, it’s acting as a solid floor for this recovery move. But context matters: In the previous bear cycle, BTC actually spent several months trading below this lower boundary before reclaiming it and starting a stronger trend reversal. So while this bounce looks constructive, the Rainbow Chart isn’t a guaranteed signal — just another macro framework worth keeping on the radar. 📈