Crypto
Bitcoin Stuck in Undervalued Territory Ahead of October 2026, Rainbow Chart Suggests
The Bitcoin Rainbow Chart is predicting that BTC remains undervalued heading into October 2026. At press time, Bitcoin was trading at $86,128, which puts it just above the model's lowest valuation zone.
The chart uses logarithmic bands to show whether Bitcoin is in a historically associated with accumulation, fair value, or market euphoria. The lowest band for October 2 is labeled 'Bitcoin is dead,' standing at $84,124.72.
To reclaim the next level, 'Basically a Fire Sale,' BTC would need to gain roughly 30%. A move into the 'BUY!' zone would require a rally of about 74%, while reaching the 'Accumulate' band would imply gains of more than 136% from current levels.