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The Bitcoin rainbow chart is a wishful thinking; in reality, it is just the first half of a downward-opening parabola with a decreasing slope.
Parabola: y = ax² + bx + c, a < 0 (opening downwards)
First half: first derivative > 0 (increasing)
Decreasing slope: second derivative < 0 (becoming flatter)
However, when will the true peak arrive? Or how will it behave after reaching it? That remains unknown.
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