Bitcoin Rainbow Charts
Moonmath.win displays very interesting equation and stats which projects future Bitcoin prices. As you can see BTC has moved greatly within the rainbow in the past few years.
The past year's bull-run is also contained well within this rainbow. Infact it doesn't look as aggressive as some of the past runs inspite of the larger value of the token.
It's also worth noting that the chart displays the rainbow reaching $1M price point around 2025. That's about 6 years from now. Will Bitcoin reach that price? We'll just have to wait and watch.
However, the spike from the slight pump over the past two days is visible in the 2nd screenshot above.
You can visit the website for more information, math equation etc.
I've been watching this chart for a few days and so far it has been quite pleasing to the eye watching Bitcoin move in this range. So far BTC has shot over and above this rainbow but never really under it. If it were to fall below $3k and close to $2K it would be come out of this 'rainbow projection.'
What are your thoughts about these projections?
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