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Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone

Crypto CoinDesk By Olivier Acuna 24 Jun 2026 14:47 1 min read
Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone

A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.

A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.

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