Bitcoin is currently experiencing a decrease in price volatility over the past few days, which is posing a challenge for the cryptocurrency to surpass the $69,000 mark. Nevertheless, it has been observed that investor confidence plays a crucial role as Bitcoin appears to be following a similar pattern to its behavior after the 2020 halving event. Experts have analyzed the Bitcoin Rainbow chart, which indicates that the token entered the buy zone a few months after the third halving. Subsequently, Bitcoin remained in this zone for a period, leading to a substantial surge in its price. Stay up-to-date with the latest technology news by accessing NEWSLINKER.
