According to the Rainbow Chart model, the current price range of approximately $95,000 for Bitcoin is identified as a "clearance sale" buying zone. If historical patterns repeat, there is a 60% upside potential, with the possibility of reaching the $150,000 to $160,000 "accumulation" area. Data from analysts show that the selling pressure in the futures market has decreased by 90%, indicating that if net buying resumes, a bullish reversal could occur. However, overall demand for Bitcoin remains weak, with the 30-day average apparent demand significantly declining, suggesting that the bulls lack confidence in a sustained breakout above $95,000.
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According to the Rainbow Chart model, the current price range of approximately $95,000 for Bitcoin is identified as a "clearance sale" buying zone. If historical patterns repeat, there is a 60% upside potential, with the possibility of reaching the $150,000 to $160,000 "accumulation" area. Data from analysts show that the selling pressure in the futures market has decreased by 90%, indicating that if net buying resumes, a bullish reversal could occur. However, overall demand for Bitcoin remains weak, with the 30-day average apparent demand significantly declining, suggesting that the bulls lack confidence in a sustained breakout above $95,000.