The rainbow chart is a great reference indicator. Whenever Bitcoin's price drops below the rainbow range, it's an excellent buying opportunity. This usually only happens when market sentiment is extremely poor. So, even when bottom signals appear, very few people actually enter the market. At the end of 2022, when Bitcoin dropped to $16K, 99% of people were predicting it would fall to $13K or even $9K. Looking back now, the three bottom signals at the end of 2022 were $16K, $20K, and $26K. $BTC