Bitcoin falls below the “Fire Sale!” territory: What’s next?
Market / Price
Bitcoin (BTC) price has dipped below the ‘Fire Sale!’ zone on the Rainbow Chart, its first drop into this area since the FTX-induced capitulation in late 2022. The flagship coin fell below the ‘Fire Sale!’ territory of the popular visual tool for tracking long-term price trends and sentiment by March 31, signaling it is extremely oversold. Consequently, the Bitcoin price could have already reached its 2025/2026 bear market bottom or be very close to the floor. BTC Rainbow Chart
BTC
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