Bitcoin Rainbow Chart Indicts BTC as Deeply Undervalued
The Bitcoin Rainbow Chart indicates that BTC remains significantly below its long-term valuation trend, even dropping beneath the lowest projected valuation band for August 31.
Currently trading at $64,092, a nearly 64% rally would be needed to reach the 'Fire Sale' threshold of $105,087 by month-end.
The chart divides Bitcoin into several valuation zones corresponding to different market cycles and investor sentiment. The 'HODL' band sits at $357,361, which is generally viewed as the chart's fair-value zone where BTC aligns closely with its long-term growth trajectory.