Why Bitcoin Price is in Danger, Explained With Rainbows

Bitcoin value is useless. Once more. A minimum of that’s what the enduring Rainbow Chart is signaling as

.cwp-coin-chart svg path {
stroke-width: 0.65 !necessary;
}

.cwp-coin-widget-container .cwp-graph-container.optimistic svg path:nth-of-type(2) {
stroke: #008868 !necessary;
}
.cwp-coin-widget-container .cwp-coin-trend.optimistic {
shade: #008868 !necessary;
background-color: clear !necessary;
}
.cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.optimistic {
border: 1px stable #008868;
border-radius: 3px;
}
.cwp-coin-widget-container .cwp-coin-trend.optimistic::earlier than {
border-bottom: 4px stable #008868 !necessary;
}
.cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend {
background-color: clear !necessary;
}

.cwp-coin-widget-container .cwp-graph-container.adverse svg path:nth-of-type(2) {
stroke: #A90C0C !necessary;
}
.cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.adverse {
border: 1px stable #A90C0C;
border-radius: 3px;
}
.cwp-coin-widget-container .cwp-coin-trend.adverse {
shade: #A90C0C !necessary;
background-color: clear !necessary;
}
.cwp-coin-widget-container .cwp-coin-trend.adverse::earlier than {
border-top: 4px stable #A90C0C !necessary;
}

Bitcoin
BTC

$67,619.24


6.59%

Bitcoin
BTC


Value

$67,619.24

6.59% /24h





Quantity in 24h

$71.85B
<!–
?
–>


Value 7d

// Make SVG responsive
jQuery(doc).prepared(operate($) {
var svg = $(‘.cwp-graph-container svg’).final();
if (svg.size) {
var originalWidth = svg.attr(‘width’) || ‘160’;
var originalHeight = svg.attr(‘peak’) || ’40’;
if (!svg.attr(‘viewBox’)) {
svg.attr(‘viewBox’, ‘0 0 ‘ + originalWidth + ‘ ‘ + originalHeight);
}
svg.removeAttr(‘width’).removeAttr(‘peak’);
svg.css({‘width’: ‘100%’, ‘peak’: ‘100%’});
svg.attr(‘preserveAspectRatio’, ‘xMidYMid meet’);
}
});

Study extra

drifts close to $72,000 in early February 2026, under its current peak of $78,725.

Crypto Twitter sentiment now rivals the despair seen after the FTX collapse in 2022, with many arguing this halving cycle has already failed.

The rainbow chart has been getting bent increasingly more annually. If we have been nonetheless utilizing the OG chart from 2016 the value could be miles under the precise rainbow; it initially had BTC into the $1,000,000+ vary by now.

Thanks, rainbowman, I accrued heaps above 100k as a result of this chart informed me to. Now what? They need to put up a rainbow touching the Earth.

The Rainbow Chart tracks Bitcoin towards emotional bands from “Bitcoin is useless” to “Bubble territory.” The chart has logged 457 Bitcoin obituaries since 2010. It’s not predictive, it’s psychological. Purple and blue imply capitulation. Orange and purple imply mania.

Listed here are the 2 different elements why many say this bear market is barely getting began:

DISCOVER: 20+ Subsequent Crypto to Explode in 2026

1. Readability Act Emergency Talks Collapse With Accusations Towards Trump and the UAE

Market Cap

24h
7d
30d
1y
All Time

Crypto coverage simply grew to become a legal investigation.

New York Senator Chris Murphy accused Trump of “probably legal conduct” with the UAE pouring cash into Trump household crypto ventures by way of World Liberty Monetary, then overseeing fast approval of crypto laws.

In accordance with reporting by The Wall Avenue Journal, roughly $187 Mn was directed to Trump household entities and one other $31 Mn to the household of particular envoy Steve Witkoff.

Murphy cited a $500 Mn transaction wherein UAE-backed Aryam Funding acquired 49% of World Liberty Monetary 4 days earlier than Trump took workplace, framing the sequence as a textbook quid professional quo.

“That’s corruption. These are the weather of a bribe. That is probably legal conduct.” -Chris Murphy, U.S. Senator, Senate Ground Remarks

Crypto Twitter is debating if the democrats don’t hate crypto greater than Trump; he’s simply making an attempt to money in on it so long as he can. He was by no means actually professional crypto.

The accusations surfaced because the White Home hosted a closed-door crypto summit with Ripple, Coinbase, Kraken, Tether, and Circle, making an attempt to hammer out stablecoin yield provisions tied to the CLARITY Act.

No settlement was reached, however a February deadline now looms.

DISCOVER: High 20 Crypto to Purchase in 2026

2. Are The Bears Proper? Crypto Supercyclists Down Exhausting in 2026

Some merchants see extra draw back. Crypto dealer Rektmando argues Bitcoin lacks structural assist till the mid-to-low $60,000 vary, with others pointing to $67,000 as a potential cycle ground.

Stress shouldn’t be remoted to Bitcoin. Ethereum has fallen sharply from above $3,000, with a big leveraged place reportedly going through liquidation close to $1,800.

Veteran investor Michael Burry added gasoline by sharing a logarithmic Bitcoin chart suggesting a topping sample just like prior cycle peaks.

$BTC Patterns pic.twitter.com/Ax595mNXrD

— Cassandra Unchained (@michaeljburry) February 4, 2026

DISCOVER: Subsequent 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026

Noah’s Ark-Sort Washout Coming? What the Knowledge Really Says

Bitcoin dropped 17.5% to twenty% year-to-date by early February 2026—from $87,500 to the low $70,000s. Rising Treasury yields crushed threat belongings throughout the board.

In the meantime, supercyclists like Raoul Pal, Arthur Hayes, and Tom Lee preserve calling for brand spanking new all-time highs even after they’ve been useless mistaken. The $67,000-$70,000 zone is important. Break under that and $60,000 comes quick.

Till the hopium dies, the autumn continues. Simply keep in mind, after the flood is the rainbow.

EXPLORE: Ethereum Is Dying, Or Is This the Greatest Purchase Sign of the Decade?

Observe 99Bitcoins on X For the Newest Market Updates and Subscribe on YouTube For Day by day Knowledgeable Market Evaluation 

The put up Why Bitcoin Value is in Hazard, Defined With Rainbows appeared first on 99Bitcoins.

Source link