Bitcoin Rainbow Chart — nine bands, one curve.
Bitcoin's price over nine colour bands that follow a long-run power law curve, blue at the bottom and red at the top. The band price sits in shows how stretched or cheap it is against that curve.
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Price across the rainbow since 2011
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Indicators describe where price sits relative to its own history. They are not forecasts and not financial advice. Past cycle behaviour is no guarantee of future cycles.
Every band's price range today
| BAND | FROM | TO | |
|---|---|---|---|
| 9 | Peak bubble | $633,401 | — |
| 8 | Bubble | $461,451 | $633,401 |
| 7 | Overheated | $336,181 | $461,451 |
| 6 | Warming up | $244,917 | $336,181 |
| 5 | Above trend | $178,429 | $244,917 |
| 4 | Fair value | $129,991 | $178,429 |
| 3 | Undervalued | $94,702 | $129,991 |
| 2 · price is here | Deep value | $68,993 | $94,702 |
| 1 | Capitulation | — | $68,993 |
Built on the power law
The bands are spaced evenly on a log scale between the floor and ceiling of our Bitcoin power law model, so they rise with it every day. Band 1 starts at the lowest price has closed against the curve since 2011; band 9 ends at the 2017 peak. Tops have reached lower bands each cycle: the top of band 9 in 2017, band 8 in April 2021, band 7 that November, and only band 4 in 2025.
What it read at past tops and bottoms
| DATE | BTC CLOSE | BAND | POSITION | |
|---|---|---|---|---|
| 2013 top | Dec 4, 2013 | $1,132 | 9 · Peak bubble | 11.62 |
| 2015 bottom | Jan 14, 2015 | $171.41 | 2 · Deep value | 2.07 |
| 2017 top | Dec 17, 2017 | $18,953 | 9 · Peak bubble | 9.96 |
| 2018 bottom | Dec 15, 2018 | $3,180 | 2 · Deep value | 2.47 |
| April 2021 top | Apr 13, 2021 | $63,564 | 8 · Bubble | 8.22 |
| November 2021 top | Nov 8, 2021 | $67,559 | 7 · Overheated | 7.61 |
| 2022 bottom | Nov 21, 2022 | $15,766 | 1 · Capitulation | 1.65 |
| 2025 top | Oct 6, 2025 | $124,728 | 4 · Fair value | 4.87 |
| Latest close | Sep 27, 2026 | $84,457 | 2 · Deep value | 2.64 |
Get pinged when it crosses your level
Band 8 starts at $461,451 today and band 3 at $94,702, both rising a little every day. Set an indicator alert and coinsentry checks it at every daily close, pinging you on Telegram, Discord, Slack, email or webhook the first close it crosses your level — once, or every time it crosses. Indicator alerts are part of the Unlimited plan. Prefer a price level? Bitcoin price alerts are on the Bitcoin price alerts page.
Fair questions, straight answers
Bitcoin's price drawn over nine colour bands, from deep blue at the bottom to red at the top. The bands follow a long-run growth curve, so the colour price sits in shows how stretched or cheap it is against that curve.
The original chart by Blockchaincenter used a logarithmic regression. This one spaces its bands evenly on a log scale between the floor and ceiling of our Bitcoin power law model, so it lines up with the power law page.
The 2013 top went above the top band and the 2017 top reached the edge of band 9. April 2021 reached band 8 and November 2021 band 7. The 2025 top only got to band 4. The 2015, 2018 and 2022 bottoms sat in bands 1–2.
No. It shows where price sits against a curve fitted to past data. The top bands have been harder to reach each cycle, and the chart makes no claim about where price goes next.