Bitcoin Stuck in Historically Undervalued Territory
The Bitcoin Rainbow Chart is a long-term valuation model that uses logarithmic bands to analyze whether Bitcoin is trading in historically associated zones of accumulation, fair value, or market euphoria. Currently, Bitcoin (BTC) is trading at $86,128, slightly above the model's lowest valuation zone.
According to the BlockchainCenter Rainbow Chart, the 'Bitcoin is dead' band for October 2, 2026, stands at $84,124.72. To reclaim the next level, 'Basically a Fire Sale', would require a gain of around 30%. A move into the 'BUY!' zone would imply gains of about 74%, while reaching the 'Accumulate' band would necessitate more than 136% from current levels.
The model's positioning suggests that Bitcoin remains in a historically undervalued territory, closer to pessimism and accumulation rather than market euphoria. The chart does not provide a specific price target, but its October 2026 projections indicate that BTC would first need to reclaim $112,145 before moving toward the higher valuation bands.