BTC falls below 'Bitcoin is dead' zone, Rainbow Chart model questioned

Bitcoin (BTC) has fallen below the lowest band of its widely-followed Rainbow Chart, a long-term price model, raising questions about its validity, BeInCrypto reported. The model, which uses a logarithmic regression curve to divide the price into different colored bands, has a bottom zone labeled "Bitcoin is dead." BTC's price is now trading below even this level. BeInCrypto noted that another once-popular model, Stock-to-Flow (S2F), also lost credibility after it predicted a post-halving price of $500,000 in 2024, while the actual peak reached only $126,000.