{"id":424835,"date":"2024-09-18T23:30:18","date_gmt":"2024-09-18T18:00:18","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=424835"},"modified":"2024-09-18T18:33:34","modified_gmt":"2024-09-18T13:03:34","slug":"bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/","title":{"rendered":"Bitcoin Rainbow Chart signals &#8216;BUY&#8217; &#8211; But is it the right time?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Bitcoin Rainbow Chart flashed a buy signal for the asset.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">QCP Capital shared a similar long-term bullish outlook for BTC.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin [BTC]&#8217;<\/span><\/a><span style=\"font-weight: 400;\">s price has consolidated between $60K and $70K for over six months, with occasional wild drops below $60K. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the sideways structure might discourage some players, the Bitcoin Rainbow Chart signaled a firm \u2018buy\u2019 opportunity for the asset amid the Fed pivot.<\/span><\/p>\n<figure id=\"attachment_424837\" aria-describedby=\"caption-attachment-424837\" style=\"width: 1495px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator.png\"><img decoding=\"async\" class=\"size-full wp-image-424837\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator.png\" alt=\"Bitcoin Rainbow Chart\" width=\"1495\" height=\"1090\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator.png 1495w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator-300x219.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator-1024x747.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator-768x560.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BM-Pro-Bitcoin-Rainbow-Price-Chart-Indicator-1200x875.png 1200w\" sizes=\"(max-width: 1495px) 100vw, 1495px\" \/><\/a><figcaption id=\"caption-attachment-424837\" class=\"wp-caption-text\">Source: BM Pro<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The chart is a valuation model that leverages rainbow colors and past historical patterns to gauge whether the asset is overpriced or underpriced. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The current price action was within the second color band, signaling a great buy opportunity.\u00a0<\/span><\/p>\n<h2><strong>More room for BTC to grow?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The relatively discounted BTC price was further reinforced by one of the leading market cycle top indicators\u2014the MVRV Z score (Market Value to Realized Value). In past cycles, BTC topped out when the metric hit 7 to 10. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In short, the current reading near 1 suggested more room for BTC prices to rally. If so, current BTC prices can be deemed a massive bargain.\u00a0\u00a0<\/span><\/p>\n<figure id=\"attachment_424839\" aria-describedby=\"caption-attachment-424839\" style=\"width: 1155px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC.png\"><img decoding=\"async\" class=\"size-full wp-image-424839\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC.png\" alt=\"Bitcoin rainbow chart\" width=\"1155\" height=\"650\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC.png 1155w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/MVRV-Z-score-BTC-768x432.png 768w\" sizes=\"(max-width: 1155px) 100vw, 1155px\" \/><\/a><figcaption id=\"caption-attachment-424839\" class=\"wp-caption-text\">Source: BiTBO<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Speculators&#8217; positioning further mirrored this bullish outlook, especially in the Futures market. According to Edwards Charles, founder of crypto VC firm Capriole Investments, the markets were in a BTC <\/span><a href=\"https:\/\/x.com\/caprioleio\/status\/1836156254940729677\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">perpetua<\/span><\/a><span style=\"font-weight: 400;\"><a href=\"https:\/\/x.com\/caprioleio\/status\/1836156254940729677\">l<\/a> bullish regime.\u00a0<\/span><\/p>\n<figure id=\"attachment_424841\" aria-describedby=\"caption-attachment-424841\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps.jpeg\"><img decoding=\"async\" class=\"size-full wp-image-424841\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps.jpeg\" alt=\"BTC rainbow chart\" width=\"1600\" height=\"900\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps.jpeg 1600w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps-1024x576.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps-768x432.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps-1536x864.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTC-perps-1200x675.jpeg 1200w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/a><figcaption id=\"caption-attachment-424841\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">For context, bullish perpetual (marked green) denoted rising market leverage and opened perpetual contracts. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It meant more speculators were taking extra risks to open perpetual contracts using leverage. It suggests future price rally expectations and has historically marked BTC bottoms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, using market leverage carries massive liquidation risk that could drive volatile downside risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, Bitcoin analyst Willy Woo claimed he was \u201ccautiously optimistic\u201d because the asset hasn\u2019t decisively flipped to bullish. He <\/span><a href=\"https:\/\/x.com\/woonomic\/status\/1836296837168533747\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cCurrent demand and supply is neutral bearish, but signs of moving into a bullish structure if we get some liquidations. Cautiously optimistic\u201d\u00a0<\/span><\/p><\/blockquote>\n<figure id=\"attachment_424843\" aria-describedby=\"caption-attachment-424843\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-scaled.jpeg\"><img decoding=\"async\" class=\"size-full wp-image-424843\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-scaled.jpeg\" alt=\"BTC rainbow chart\" width=\"2560\" height=\"1939\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-300x227.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-1024x776.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-768x582.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-1536x1164.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-2048x1552.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Willy-Woo-BTC-1200x909.jpeg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-424843\" class=\"wp-caption-text\">Source: Willy Woo<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, crypto trading firm QCP Capital maintained a long-term bullish outlook for BTC amid Fed pivot. It <\/span><a href=\"https:\/\/www.qcpgroup.com\/insights\/asia-colour-42\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cThe start of a rate-cutting cycle aimed at normalizing interest rates supports hard assets as stores of value. While drawdowns and high volatility are expected, don&#8217;t let that distract you from the path to higher BTC prices.\u201d<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rainbow chart suggests it&#8217;s time to buy BTC. Should you jump in? <\/p>\n","protected":false},"author":79,"featured_media":424850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427,6425],"class_list":["post-424835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Rainbow Chart signals &#039;BUY&#039; - But is it the right time? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Bitcoin rainbow chart indicated that the asset was grossly undervalued at current price with a potential to climb higher.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Rainbow Chart signals &#039;BUY&#039; - But is it the right time? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin rainbow chart suggests it&#039;s time to buy BTC. Should you jump in?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-18T18:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"967\" \/>\n\t<meta property=\"og:image:height\" content=\"553\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Benjamin Njiri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Njiri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/\"},\"author\":{\"name\":\"Benjamin Njiri\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/553bc0a52388cbc0397b81684d514809\"},\"headline\":\"Bitcoin Rainbow Chart signals &#8216;BUY&#8217; &#8211; But is it the right time?\",\"datePublished\":\"2024-09-18T18:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/\"},\"wordCount\":407,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/BTCrainbowchart.jpg\",\"keywords\":[\"ambcrypto\",\"featured\"],\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/\",\"name\":\"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time? - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/BTCrainbowchart.jpg\",\"datePublished\":\"2024-09-18T18:00:18+00:00\",\"description\":\"Bitcoin rainbow chart indicated that the asset was grossly undervalued at current price with a potential to climb higher.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/BTCrainbowchart.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/BTCrainbowchart.jpg\",\"width\":967,\"height\":553,\"caption\":\"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time?\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/553bc0a52388cbc0397b81684d514809\",\"name\":\"Benjamin Njiri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Benja-100x100.jpeg\",\"caption\":\"Benjamin Njiri\"},\"description\":\"Benjamin Njiri is a Crypto Analyst and Reporter at AMBCrypto, specializing in technical analysis and emerging market trends. With a background in Telecoms engineering and power systems, he applies data analysis to filter market noise and decode on-chain data. His work delivers clear, data-driven insights that help readers navigate crypto markets with confidence.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/benjamin-njiri-7254a984\\\/\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/benjamin-njiri\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time? - AMBCrypto","description":"Bitcoin rainbow chart indicated that the asset was grossly undervalued at current price with a potential to climb higher.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time? - AMBCrypto","og_description":"Bitcoin rainbow chart suggests it's time to buy BTC. Should you jump in?","og_url":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2024-09-18T18:00:18+00:00","og_image":[{"width":967,"height":553,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg","type":"image\/jpeg"}],"author":"Benjamin Njiri","twitter_card":"summary_large_image","twitter_creator":"@CryptoAmb","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Benjamin Njiri","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"AnalysisNewsArticle","@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/"},"author":{"name":"Benjamin Njiri","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/553bc0a52388cbc0397b81684d514809"},"headline":"Bitcoin Rainbow Chart signals &#8216;BUY&#8217; &#8211; But is it the right time?","datePublished":"2024-09-18T18:00:18+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/"},"wordCount":407,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg","keywords":["ambcrypto","featured"],"articleSection":["Bitcoin","BTC Trading View","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/","url":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/","name":"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time? - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg","datePublished":"2024-09-18T18:00:18+00:00","description":"Bitcoin rainbow chart indicated that the asset was grossly undervalued at current price with a potential to climb higher.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/bitcoin-rainbow-chart-signals-buy-but-is-it-the-right-time\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/BTCrainbowchart.jpg","width":967,"height":553,"caption":"Bitcoin Rainbow Chart signals 'BUY' - But is it the right time?"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/553bc0a52388cbc0397b81684d514809","name":"Benjamin Njiri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-100x100.jpeg","caption":"Benjamin Njiri"},"description":"Benjamin Njiri is a Crypto Analyst and Reporter at AMBCrypto, specializing in technical analysis and emerging market trends. With a background in Telecoms engineering and power systems, he applies data analysis to filter market noise and decode on-chain data. His work delivers clear, data-driven insights that help readers navigate crypto markets with confidence.","sameAs":["https:\/\/www.linkedin.com\/in\/benjamin-njiri-7254a984\/"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/benjamin-njiri\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/424835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=424835"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/424835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/424850"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=424835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=424835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=424835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}