Bitcoin Rainbow Chart predicts BTC price for October 31, 2026

Although the Rainbow Chart’s October 31 valuation bands sit well above Bitcoin’s current price, the indicator is designed to gauge long-term valuation rather than forecast where $BTC will trade by month-end.

According to the chart, the highest valuation zone on October 31 is ‘Maximum Bubble Territory’ at $1.36 million, a band historically associated with extreme market euphoria and cycle tops.

Below it sits ‘Sell. Seriously, SELL!’ at $998,844, a zone linked to historically stretched valuations and heightened profit-taking. The ‘FOMO Intensifies’ band stands at $733,467, representing periods when speculative demand accelerates.

Next is ‘Is this a bubble?’ at $547,041, followed by ‘HODL!’ at $396,987, a region generally considered fair value. The ‘Still cheap’ band sits at $287,747, while ‘Accumulate’ is positioned at $209,292, both indicating undervaluation relative to Bitcoin’s long-term trend.

The ‘BUY!’ band stands at $153,802, representing significant undervaluation, while the lowest band, ‘Basically a Fire Sale,’ is located at $115,355, a zone historically associated with deep discounts and extreme market pessimism.

With Bitcoin currently trading at $84,584, the cryptocurrency remains below the chart’s lowest valuation band, highlighting the gap between current market prices and the model’s long-term trajectory.