The Bitcoin Rainbow chart shows that Bitcoin (BTC) will remain in its most unanswered position until August 1, 2026.
In this line, data from BlockchainCenter’s Power Rainbow Chart shows Bitcoin’s price range on August 1 stretching from about $63,400 at the bottom of the rainbow to about $517,500 at the top.
The ‘HODL’ price zone is around $181,200, almost three times the current price of Bitcoin.
With Bitcoin trading at $62,655, it is crypto currency it’s at the bottom of the ‘Basically a Fire Sale’ chart.
On August 1, the chart puts ‘BUY!’ the $82,500 zone, the ‘Accumulate’ zone at $107,200, and the ‘Still Cheap’ zone at $139,400.
Above the ‘HODL’ category, the model identifies $235,600 as ‘Is This a Bribe?’ level, $306,200 as part of ‘FOMO Increases’, $398,100 as ‘Sell. Seriously, BUY IT!’ band, and about $517,500 as ‘Maximum Bubble Territory.’
Bitcoin’s current price puts it below the ‘Fire Sale’ price of $63,440, a level previously reached during major bear markets.
Similar readings were seen after FTX fell in late 2022, with previous trips to the deeper blue bands often leading to temporary recoveries.
Bitcoin’s 2026 bearish case
Bitcoin’s position on the chart is following a major correction from the October 2025 high of $126,198.
The decline peaked in 2026 when the Federal Reserve kept rates high, while it saw Bitcoin ETFs recorded a record $4.5 billion in June outflows, helping to push BTC to a 21-month low of $58,115.
Interest is now on the Fed’s July 28-29 meeting, with market prices at a 70% chance of another rate.
A hawkish result could send Bitcoin back to $58,115, while a surprise move could help move it to $65,600 and possibly $70,000.
Based on these events, Bitcoin can sell between $58,000 and $66,000 on August 1. Even at the end of this range, BTC will remain in or slightly above the deepest levels of the Rainbow Chart, needing to go above $63,440 to leave the ‘Fire Sale’ beyond the $82 zone, ‘Y50’ and ‘Y50’! group.
Specifically, the Bitcoin Rainbow Chart shows the price of Bitcoin against long-term trends. Its latest Dynamic version changes daily using the Power Law based on Bitcoin’s price history since 2012, which has a power of 94.3%.
BlockchainCenter emphasizes that the Rainbow Chart is not a tool for forecasting or investment advice.
Because the model recalculates daily, its valuation groups change over time, making them a reflection of Bitcoin’s historical past rather than future prices.
