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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....

News Desk

Staff Writer

Published

Jun 25, 2026

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CoinDesk

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

AI Insight:This development marks a significant turning point for Bitcoin, potentially signaling a prolonged bear market.

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. The Rainbow Chart, a widely followed technical analysis tool, has been used to gauge Bitcoin's price movements. The 'BTC is dead' zone, located below the chart's floor, has historically served as a strong resistance level, with previous instances resulting in prolonged bear markets. As Bitcoin's price continues to plummet, investors and analysts are left wondering if this drop will be short-lived or a precursor to a more significant downturn. The implications of this development are far-reaching, with potential consequences for the broader cryptocurrency market and investor confidence.