Bitcoin Rainbow Chart predicts BTC price for July 1, 2025
With Bitcoin (BTC) on track to end June above the $100,000 mark, the Rainbow Chart is projecting that the asset will likely sustain this level heading into July. This outlook follows a resurgence in bullish momentum as geopolitical tensions between Israel and Iran appear to have eased. Earlier, Bitcoin faced the threat of dropping further below $100,000 after the United States launched an attack on Iran’s nuclear facilities. The cooling of hostilities has since helped stabilize investor sentiment. Bitcoin price prediction for July 1 The Rainbow Chart, which is based on a logarithmic regression model, visually maps Bitcoin’s price into color-coded bands. These bands represent different phases of market sentiment, ranging from extreme fear to speculative euphoria. As of today, Bitcoin is trading at around $106,000, placing it just above the “BUY!” zone and slightly below the “Accumulate” band. This suggests that, in ...