{"id":7076114,"date":"2026-10-04T21:58:23","date_gmt":"2026-10-04T21:58:23","guid":{"rendered":"https:\/\/fivemor.com\/?p=7076114"},"modified":"2026-10-04T21:58:23","modified_gmt":"2026-10-04T21:58:23","slug":"rainbow-chart-hints-at-oct-31-1-3m-target","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7076114","title":{"rendered":"Rainbow Chart Hints at Oct 31 $1.3M Target"},"content":{"rendered":"


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The Bitcoin price forecast long-term valuation model, the Rainbow Chart, suggests that the cryptocurrency remains below its historical trend valuation as October begins. The outlook comes as Bitcoin failed to reclaim the $90,000 level, a move that could have opened the door to a push toward six-figure valuations.<\/p>\n

At press time, Bitcoin was trading at $84,584, while remaining above its 50-day SMA of $78,136 and 200-day SMA of $71,404, indicating the broader uptrend remains intact.
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(SOURCE: CoinGlass<\/a>)<\/p>\n

Although the Rainbow Chart\u2019s October 31 valuation bands sit well above Bitcoin\u2019s current price, the indicator is designed to gauge long-term valuation rather than forecast where $BTC will trade by month-end.<\/p>\n

According to the chart, the highest valuation zone on October 31 is \u2018Maximum Bubble Territory\u2019 at $1.36M, a band historically associated with extreme market euphoria and cycle tops, a position we aren\u2019t yet in.<\/p>\n

What Does the Rainbow Chart Say About Bitcoin for October and Beyond?<\/h2>\n

Below, the \u2018Sell. Seriously, SELL!\u2019 zone is marked at $998,844, which corresponds to historically high valuations and increased profit-taking. The \u2018FOMO Intensifies\u2019 band is set at $733,467, indicating periods when speculative demand tends to rise.<\/p>\n

Next is the \u2018Is this a bubble?\u2019 level at $547,041, followed by the \u2018HODL!\u2019 zone at $396,987, which is generally regarded as fair value. The \u2018Still cheap\u2019 band is positioned at $287,747, while \u2018Accumulate\u2019 is at $209,292, both suggesting undervaluation relative to Bitcoin\u2019s long-term trend.<\/p>\n

The \u2018BUY!\u2019 band is established at $153,802, representing significant undervaluation. The lowest band, \u2018Basically a Fire Sale,\u2019 is found at $115,355, a zone historically linked to deep discounts and extreme market pessimism.<\/p>\n

Currently, Bitcoin is trading around $85,000, below the chart\u2019s lowest valuation band. This highlights the discrepancy between current market prices and the model\u2019s long-term trajectory.<\/p>\n

Bitcoin Short-Term Price Forecast<\/h2>\n
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$BTC<\/a> longs are getting excited over the weekend.<\/p>\n

We know how this’ll end. pic.twitter.com\/CMAZJzC0l3<\/a><\/p>\n

\u2014 Ted (@TedPillows) October 4, 2026<\/a><\/p>\n<\/blockquote>\n

While the Rainbow Chart mostly focuses on long-term valuation, Bitcoin\u2019s recent rally toward $87,000 stalled in the short term after whales reportedly took profits on more than 30,000 BTC. The $87,000 region also coincided with the upper boundary of a trading channel that has capped prices for more than two weeks.<\/p>\n

Not only were whales taking profits on the way up, selling more than 30,000 BTC, but $87,000 also marked the top of the channel that has rejected Bitcoin on multiple occasions.<\/p>\n

After the rejection, $82,500 is the immediate downside target. The argument is that if Bitcoin falls to that level and whale accumulation resumes, it could confirm another rebound attempt toward $87,000.<\/p>\n

It is highly unlikely that the Rainbow Chart\u2019s Bitcoin Price Forecast of $1.36M by October 31 will come to fruition; however, that chart is merely a tool to show what prices could look like under different market structures.<\/p>\n

Don\u2019t Miss Out on Binance\u2019s Latest Trading Pairs<\/span><\/a><\/p>\n

Bitcoin Hyper (HYPER): Scaling the King of Crypto via Solana\u2019s Virtual Machine<\/h2>\n

\"The<\/p>\n

Bitcoin Hyper (HYPER)<\/a> is an upcoming Layer 2 blockchain on the Solana Virtual Machine (SVM) that settles directly to the Bitcoin mainnet.<\/p>\n

Through a non-custodial canonical bridge, users can lock their BTC and mint wrapped Bitcoin on the L2, enabling near-instant finality for DeFi, NFTs, and other decentralized applications. The SVM periodically anchors transaction batches to the Bitcoin blockchain for security.<\/p>\n

The native HYPER token is used for network gas fees, staking, governance, and premium features, with a total supply capped at 21 billion tokens. Allocations include 30% for development, 25% for treasury, and 20% for marketing.<\/p>\n

The mainnet launch is set for Q4 2026 and will include the canonical bridge, ecosystem dApps, and exchange listings. A public presale has raised over $33.15M, nearing the $ 33.58 M target. Early contributors can buy HYPER at $0.0136867 and stake for an estimated 35% APY before the token generation event (TGE).<\/p>\n

The public presale has raised over $33.15M and is rapidly approaching its current stage target of $33.58M. Early contributors can buy HYPER tokens at the current price of $0.0136867 and stake them immediately to earn an estimated 35% APY ahead of the token generation event (TGE).<\/p>\n

For investors looking to gain exposure to the Bitcoin Layer 2 narrative, participating in the presale is straightforward. By visiting the official Bitcoin Hyper website<\/a>, users can connect a compatible Web3 wallet to the secure widget and exchange SOL, ETH, BNB, USDC, or USDT for HYPER. The platform also supports direct purchases via traditional bank cards.<\/p>\n

To stay updated on development milestones, mainnet announcements, and community events, you can follow Bitcoin Hyper on X<\/a> and join their official Telegram<\/a> channel.<\/p>\n

Don\u2019t Miss Out Again: Join New Bitcoin Layer 2 Early Here<\/span><\/a><\/p>\n

Market Intelligence: Crypto Analyst Predicts Best Low-Cap Crypto<\/a><\/b><\/p>\n

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Disclaimer: <\/span>Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.<\/p>\n

\t\t\t\t\t\t\t\tToken Sales News<\/a><\/span>
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Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing “information gain” that cuts through market hype to find real-world blockchain utility.<\/p>\n<\/section>\n<\/article>\n<\/div>\n


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