According to Lookonchain, the updated Bitcoin Rainbow2023 Chart, which uses a logarithmic growth curve, indicates that Bitcoin holders can expect the price to surpass $250,000 in the current cycle. This tool serves as a long-term valuation guide for traders, suggesting strong potential upside for BTC. [Source: Lookonchain]

According to Lookonchain, the Rainbow Chart, a long-term valuation tool using a logarithmic growth curve, suggests that Bitcoin ($BTC) remains a strong hold. The updated Bitcoin Rainbow2023 Chart indicates a potential price peak above $250,000 in this cycle. This analysis could influence trading strategies by reinforcing long-term holding positions for Bitcoin. [Source: Lookonchain]