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Is Bitcoin Still Cheap or Has It Entered the Early Bull Run?
Bitcoin is once again attracting attention after the Rainbow Chart model indicated that the current price level remains in the undervalued zone.
With prices around $68,000–$70,000, Bitcoin is in an area that has historically been a phase of accumulation.
This model projects that in an upward scenario, Bitcoin could move toward $75,000 to $100,000 in the short term.
However, the wide valuation range indicates that the market direction is not yet fully certain. The next move will heavily depend on macro conditions, capital flows, and investor sentiment.
The current position is a critical point between continuing consolidation or the beginning of the next upward cycle.