Bitcoin Rainbow Chart warns BTC could crash below $60,000 in November
- —A drop to $59,033 would require BTC to shed about $22,670 from $81,703
- —The model's Fire Sale! zone for Nov. 2, 2026 sits at $111,536
- —BTC trades above its 50-day SMA of $81,429 and 200-day SMA of $72,528
- —The 14-day RSI stands at 48.58, just below the neutral 50 mark
Why it matters: The model flags downside risk, but its valuation bands sit far above the current price, making the signal more about sentiment than a concrete target.
Source: Cryptonews.net