Bitcoin Rainbow Chart predicts BTC price for August 1, 2026
The Bitcoin Rainbow Chart projects that Bitcoin (BTC) will remain in its deepest undervaluation zone heading into August 1, 2026.
In this line, data from BlockchainCenter’s Dynamic Rainbow Chart shows Bitcoin’s valuation range for August 1 stretching from roughly $63,400 at the bottom of the rainbow to approximately $517,500 at the top.
The model’s fair-value ‘HODL’ zone stands at around $181,200, nearly three times Bitcoin’s current price.
With Bitcoin trading at $62,655, the cryptocurrency sits marginally below the chart’s lowest ‘Basically a Fire Sale’ band.
For August 1, the chart places the ‘BUY!’ zone at approximately $82,500, the ‘Accumulate’ band at $107,200, and the ‘Still Cheap’ zone at $139,400.
Above the ‘HODL’ band, the model identifies $235,600 as the ‘Is This a Bubble?’ level, $306,200 as the ‘FOMO Intensifies’ zone, $398,100 as the ‘Sell. Seriously, SELL!’ band, and roughly $517,500 as ‘Maximum Bubble Territory.’
Bitcoin Rainbow Chart. Source: BlockchainCenter
Bitcoin’s current price places it below the ‘Fire Sale’ threshold of $63,440, a level historically reached only during severe bear markets.
Similar readings appeared after the FTX collapse in late 2022, with previous visits to the deepest blue bands often preceding significant long-term recoveries.
Bitcoin’s 2026 bearish case
Bitcoin’s position on the chart follows a sharp correction from its October 2025 all-time high of $126,198.
The decline accelerated in 2026 as the Federal Reserve kept rates elevated, while spot Bitcoin ETFs recorded a record $4.5 billion in June outflows, helping push BTC to a 21-month low of $58,115.
Attention is now on the Fed’s July 28-29 meeting, with markets pricing in a 70% chance of another rate hold.
A hawkish outcome could send Bitcoin back toward $58,115, while a dovish surprise may support a move toward $65,600 and potentially $70,000.
Based on these scenarios, Bitcoin could trade between $58,000 and $66,000 on August 1. Even at the upper end of that range, BTC would remain within or only slightly above the Rainbow Chart’s deepest undervaluation bands, needing to surpass $63,440 to exit the ‘Fire Sale’ zone and $82,500 to move beyond the ‘BUY!’ band.
Notably, the Bitcoin Rainbow Chart maps Bitcoin’s price against a long-term logarithmic trend. Its latest Dynamic version updates daily using a Power Law regression based on Bitcoin’s full price history since 2012, with a reported fit strength of 94.3%.
BlockchainCenter emphasizes that the Rainbow Chart is not a predictive tool or investment advice.
Because the model recalculates daily, its valuation bands change over time, making them a snapshot of Bitcoin’s historical trend rather than a forecast of future prices.
