{"id":34342,"date":"2025-06-30T09:31:42","date_gmt":"2025-06-30T09:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34342"},"modified":"2025-06-30T09:31:42","modified_gmt":"2025-06-30T09:31:42","slug":"bitcoin-rainbow-chart-the-next-4-months-for-btc-could-change-everything-is-history-repeating","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34342","title":{"rendered":"Bitcoin Rainbow Chart: The Next 4 Months For BTC Could Change Everything: Is History Repeating?"},"content":{"rendered":"
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The Bitcoin rainbow chart shows \"btcBTC \u25bc-0.12%<\/span><\/a> cruising well above $100K and even on the cheap.<\/p>\n

Yet, 99Bitcoin\u2019s analysis shows that\u00a0USDT\u2019s supply is peaking<\/a>, and leveraged shorts are swelling, which are signs we could oscillate either way.<\/span><\/p>\n

Meanwhile, critiques of popular predictive models like economist Raoul Pal\u2019s M2-Bitcoin correlation <\/a>make us wonder,<\/strong> is this cycle different? Is the alt-season cancelled?\u00a0<\/strong><\/p>\n

\"\"
(Rainbow Chart<\/a>)<\/figcaption><\/figure>\n

Bitcoin Rainbow Chart: The Battle Between Bulls and Bears<\/h2>\n

Bitcoin rebounded from a multi-month low of $98k, wiping out bearish positions priced on geopolitical fears<\/a>. Currently trading near $108,952, BTC is consolidating within the $106k\u2013$108k range as bulls eye a retest of the psychological $110k level.<\/p>\n

One thing to note:<\/strong> well-known trader James Wynn has a 40x short position, worth $1.49 million, that hinges on $108,630 as a key liquidation level. Wynn and other bearish traders could face a short squeeze if Bitcoin breaks above this zone.<\/p>\n

All of this could trigger a new BTC ATH and subsequent alt-season later in the summer.<\/p>\n

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Altseason loading\u2026 pic.twitter.com\/sYgCmHNEv7<\/a><\/p>\n

\u2014 Julien Bittel, CFA (@BittelJulien) June 28, 2025<\/a><\/p>\n<\/blockquote>\n