Bitcoin Rainbow Chart Predicts $87K Price Tag for BTC by 2026
A long-term model for Bitcoin's price prediction suggests that BTC could trade around $87,000 by September 30, 2026. The Bitcoin Rainbow Chart, a logarithmic regression model, maps Bitcoin's historical growth trajectory and provides a framework for assessing the cryptocurrency's position within its trend line.
The model shows that at its current price of $78,001, Bitcoin remains below its long-term trend line, but above the 'Still cheap' band. This indicates that while the asset may be undervalued in the short term, it is still trading near its fair value.
The Bitcoin Rainbow Chart also predicts that if BTC returns to its long-term trend line, it could experience a potential 11% upside over the next four weeks. However, the model does not predict short-term price action and should be used as a valuation framework rather than a near-term market direction predictor.
BTC's current price remains in a strong uptrend, trading above its 50-day SMA of $67,601 and 200-day SMA of $69,454. However, momentum appears stretched with the 14-day RSI at 70.44, indicating that the recent rally may be vulnerable to short-term consolidation or profit-taking.