Bitcoin's Bollinger BandWidth indicator has reached historic lows, repeating a 2023 signal that preceded a parabolic price surge, but traders remain cautious about a sustained rebound.

The bitcoin rainbow chart is a long-term valuation tool that visualizes Bitcoin's historical price movements using a logarithmic scale overlaid with colorful bands.

True story: I made Quantoshi.xyz on Monday. And now it’s Wednesday and Bitcoin is up like 10% since I shipped my code.

Coincidence? Or are people seeing the future more clearly?

I see this chart sometimes in support of a bottom, the Power Law Corridor.

Unfortunately, I do think this model will break to the downside, which can even happen from going sideways.

This has been the fate of many regression curve models, rainbow models…