According to Michaël van de Poppe, the rainbow chart is a reliable indicator of Bitcoin's position in its cycle, suggesting that the current valuation is low. Van de Poppe highlights the Stock-to-Flow (S2F) model by Plan B, which forecasts a Bitcoin price of $500,000. This model provides a fair estimate for Bitcoin's potential valuation in this cycle, impacting trading strategies considerably. Source: Michaël van de Poppe.

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]

According to CryptoMichNL, the Bitcoin rainbow chart suggests that the previous cycle did not reach its expected extreme phase. If the current cycle extends over a longer period, Bitcoin's price is anticipated to increase automatically, potentially reaching $500,000.