Altcoin News Official TheBitTimes.com

Bitcoin’s (BTC) incredible rally hit a rough patch after November 22, as investors appear to have lost their patience waiting for the cryptocurrency to fully close the final $2,000 gap to $100,000. Despite this decline to BTC price today of $93,721, the sentiment remains bullish.Once put in context, the correction appears minuscule as the coin remains 36.70% green in the 30-day chart. BTC 30-day price chart. Source: Finbold Still, the question of what will happen to Bitcoin through the remainder of 2024 and by the first day of 2025 remains open, and the Bitcoin Rainbow chart may offer some insights into things to come. Picks for you Analyst makes crypto predictions for ‘the mother of all bull markets’ in 2025 1 min ago DIA Lasernet lau...

Despite decisively losing its multi-month stable levels near $67,000 and even dropping below $50,000 for short periods of time, Bitcoin (BTC) has shown significant resilience in retaining the range between approximately $58,000 and about $60,000. Indeed, though BTC is 11.95% in the red in the 30-day chart due to substantial volatility and selling pressure in early August, most recent trading has shown a trend for stabilization. Additionally, with Bitcoin price today, at press time, being at $58,546, the coin remains a 38.53% up year-to-date (YTD), thus leaving substantial room for optimism about its performance in the longer time frames. BTC 30-day price chart. Source: Finbold With both the downward pressure of recent months – downward pressure that has seen BTC experience major short-term drops during the summer of 2024 – and the room for further growth in the longer time frames, Finbold decided to examine the Bitcoin Rainbow Chart to help gauge where the c...