Bitcoin ‘Rainbow Chart’ Signals Buying Opportunity, But Weak Demand Raises Co...
According to a recent post on X by crypto analyst Crypto Rover, the Bitcoin (BTC) Rainbow Chart is flashing a buy signal, suggesting that the leading cryptocurrency may be on the cusp of a significant upward move. However, weak market demand could pose a risk to this bullish momentum. Bitcoin Rainbow Chart Flashes Buy Signal […]
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Bitcoin is often compared to gold, and this comparison may not be far off. According to a Bitcoin Rainbow chart, investors that hold onto BTC over the next two years may reap humongous gains – much like folklore’s pot of gold at the end of the rainbow. The Blockchain Center’s Rainbow price chart is one […]
The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.”
Ethereum-Based Rainbow Wallet Raises $18 Million
Rainbow, a non-custodial Ethereum (ETH) wallet that’s available for iOS and Android devices has announced the team has raised $18 million in a Series A investment round. The....
Crypto analyst Daan Crypto has highlighted a Bitcoin Rainbow Chart, which has provided insights into the crypto’s current price action. The analyst also suggested that Bitcoin needs to hold above $60,000 to make a bullish reversal. Bitcoin Needs To Break Above $60,000 In an X (formerly Twitter) post, Daan Crypto suggested that Bitcoin needs to break above $60,000 to enjoy a bullish reversal and possibly reach new highs in this market cycle. The crypto analyst noted that Bitcoin was still trading in the dark green region on the accompanying Rainbow chart as it struggles to hold on to the....
In a recent interview with CNBC’s Squawk Box, Paul Tudor Jones (PTJ) reiterated his support for Bitcoin. In 2020, the legendary investor publicly revealed a bullish stance on the cryptocurrency as a hedge against inflation and a digital version of gold. Related Reading: Bitcoin ‘Rainbow Chart’ Looking At Possible $600,000 Price For BTC By October […]
Stock-to-flow creator PlanB suggests that now is the time to continue accumulating, with selling pressure fading fast. Institutions should start buying Bitcoin (BTC) again, leading analyst PlanB has said as one exchange sees a fresh $250-million withdrawal.In a tweet on Tuesday, PlanB argued that conditions were now right for buyers to continue accumulating BTC with confidence.PlanB: “Probably time” for Q2 buyingBTC/USD had seen a lack of momentum over the weekend, culminating in a dive to near $56,000. With resistance near all-time highs of $61,700 now at its lowest since the time that....