Bitcoin: Reclaims Rainbow Chart Undervaluation Bands

Bitcoin just reclaimed the Rainbow Chart after sitting in deepest fire sale territory weeks earlier, shifting from widespread "Is Bitcoin broken?" doubts to fresh buy signals in discounted bands.

Price action at $78398.49 holds a bullish EMA structure with the 50-period line at $74425.28 acting as concrete support and the 200-period at $68017.04 anchoring the longer trend, yet the MACD death cross at 1449.21 signals fading momentum while RSI at 58.03 stays neutral. With BTC pressing the upper Bollinger Band resistance at $80469.75 inside the volatility envelope, a healthy pullback toward the EMA50 support at $74425.28 looks probable before any continuation higher.