ChartsBitcoin rainbow chart
Bitcoin rainbow chart
The Bitcoin rainbow chart is a log chart of bitcoin's price with nine colored bands drawn around one long-term fitted line, so you can see where today's price sits against its own history. Bitcoin is at $74,317 on CoinGecko, which puts it in band 4 of 9, Just below the line. The chart is history on a fit: it is not a forecast and not advice.
| Band | Name | Today’s range | Weekly closes since 2013 |
|---|---|---|---|
| 9 | Far above the line$949,779 to $1,633,101 | $949,779 to $1,633,101 | 6 |
| 8 | Well above the line$552,373 to $949,779 | $552,373 to $949,779 | 20 |
| 7 | Above the line$321,249 to $552,373 | $321,249 to $552,373 | 73 |
| 6 | Just above the line$186,832 to $321,249 | $186,832 to $321,249 | 132 |
| 5 | On the line$108,658 to $186,832 | $108,658 to $186,832 | 215 |
| 4 | Just below the linetoday $74,317$63,193 to $108,658 | $63,193 to $108,658 | 264 |
| 3 | Below the line$36,752 to $63,193 | $36,752 to $63,193 | 14 |
| 2 | Well below the line$21,374 to $36,752 | $21,374 to $36,752 | 0 |
| 1 | Far below the line$12,431 to $21,374 | $12,431 to $21,374 | 0 |
log10(price) = 2.4297 x ln(days since January 3, 2009) - 16.1849
Download the data: bitcoin-rainbow-chart.csv (every weekly close since 2010 with its band and the band edges that week).
What the Bitcoin Rainbow Chart Shows
The Bitcoin rainbow chart shows bitcoin's price on a log scale with nine colored bands around a curved trend line fitted to every daily close. On a log scale each step up the axis is a multiple, so a move from $100 to $1,000 takes the same height as a move from $10,000 to $100,000. That is what lets sixteen years of price fit on one chart.
Cool colors sit below the line and warm colors sit above it. A band tells you how far the price is from the fit, measured as a multiple. It says nothing about what the price does next, and the chart has no inputs beyond price and time.
Bitcoin Rainbow Chart Live: Today's Band
On the live Bitcoin rainbow chart, today's price of $74,317 sits in band 4, Just below the line. That band runs from $63,277 to $108,802 today, and the fitted line itself is at $142,669.
We redraw the chart every day from the latest CoinGecko price, so the band edges climb a little each day as the line does. The formula behind the line stays frozen. The band price table and a CSV of the data sit with the chart.
How Our Rainbow Fit Is Built
Our rainbow fit is built from one formula: log10(price) = 2.4297 x ln(days since January 3, 2009) - 16.1849. January 3, 2009 is the date of the genesis block, the first block of the Bitcoin chain, so the day count starts with the network itself.
The two numbers come from a least squares fit over every daily close since August 18, 2010, using the Blockchain.com daily market price series.2 We froze the fit on November 8, 2026. A frozen fit means the line does not quietly bend toward recent prices as new data arrives.
The bands are nine equal steps centered on the line. Each band is 1.72 times the one below it, and the whole rainbow was sized so every daily close since 2013 sits inside one of the nine. Band 5 straddles the line; bands 1 to 4 lie below it and bands 6 to 9 above.
The Nine Band Names
The nine band names run from Far below the line in band 1 to Far above the line in band 9, and they say only where price sits against the fit:
- 1: Far below the line
- 2: Well below the line
- 3: Below the line
- 4: Just below the line
- 5: On the line
- 6: Just above the line
- 7: Above the line
- 8: Well above the line
- 9: Far above the line
Where Cycle Tops and Lows Landed in the Bands
Cycle tops landed in a lower band each time on our fit, and every cycle low so far landed in band 4. A cycle top here is the highest daily close within 1,000 days after a halving, the event that cuts the new-bitcoin reward per block in half.
The four tops came 372, 526, 547 and 535 days after their halvings, and closed in bands 9, 8, 7 and 5. The current cycle's top and low are marked as so far, because its 1,000-day window has not closed. The 4 year cycle chart lines the cycles up side by side, and the halving countdown tracks the next one.
| Halving | Top close | Days after halving | Top band | Low close | Low band |
|---|---|---|---|---|---|
| November 28, 2012 | $1,136.9, December 5, 2013 | 372 | 9 | $172.0, January 15, 2015 | 4 |
| July 9, 2016 | $19,279.9, December 17, 2017 | 526 | 8 | $3,231.91, December 16, 2018 | 4 |
| May 11, 2020 | $67,562.17, November 9, 2021 | 547 | 7 | $15,759.61, November 22, 2022 | 4 |
| April 20, 2024 | $124,776.68, October 7, 2025 (so far) | 535 | 5 | $58,534.28, July 1, 2026 (so far) | 4 |
How Long Bitcoin Spent in Each Rainbow Band
How long bitcoin spent in each rainbow band since 2013 is lopsided: band 4 holds 264 of 724 weekly closes, or 36.5%. Band 5 comes next with 215 weeks, then band 6 with 132.
Bands 1 and 2 hold no weekly closes since 2013, and band 3 holds 14, most of them in 2015. Band 9 holds 6 weeks, all at the turn of 2013 into 2014. The year rows on the chart show the same story: 2023 sat in band 4 almost all year, 2024 and 2025 sat mostly in band 5, and 2026 slipped from band 5 to band 4 early in the year.
| Band | Name | Weeks | Share |
|---|---|---|---|
| 1 | Far below the line | 0 | 0% |
| 2 | Well below the line | 0 | 0% |
| 3 | Below the line | 14 | 1.9% |
| 4 | Just below the line | 264 | 36.5% |
| 5 | On the line | 215 | 29.7% |
| 6 | Just above the line | 132 | 18.2% |
| 7 | Above the line | 73 | 10.1% |
| 8 | Well above the line | 20 | 2.8% |
| 9 | Far above the line | 6 | 0.8% |
Who Made the Original Bitcoin Rainbow Chart
The original Bitcoin rainbow chart was made by Reddit user azop, who posted rainbow-colored log charts in r/Bitcoin in 2014, according to Blockchaincenter's rainbow chart page, which calls him the original inventor. His version used a straight line on the log scale.
The curve came from somewhere else. On October 22, 2014, Bitcointalk user Trolololo posted a logarithmic regression of bitcoin's price, a line that rises more slowly as time passes.4 Blockchaincenter put the colored bands on that curve, posted its first version on Reddit on May 19, 2019, and published a V2 with a new formula on November 21, 2022.3 Its page states the charts are not investment advice and have no scientific basis.
The chart on this page follows that idea with our own numbers. The formula, the band edges and the band names are Onchain Wiki's, so a band number here will not match the colors on Blockchaincenter's chart.
Rainbow Chart Limits: History, Not a Forecast
The rainbow chart has limits because it is history on a fit, not a forecast. The line was chosen after the prices happened, and the bands were sized to contain every close since 2013, so the fact that past prices fit inside them is true by design.
Nothing keeps the price inside the rainbow. A new low under band 1 or a top over band 9 would sit off the chart, and a refit on more data would move every edge. Blockchaincenter changed its own formula in 2022 for the same kind of reason.
Our fit is also a power law in disguise. Turning log10(price) = a ln(days) + b around gives price proportional to days raised to about 5.59, which the Bitcoin power law page compares with the published model. For how each calendar month has gone, see Bitcoin monthly returns.
Questions People Ask About Bitcoin rainbow chart
These are the questions people ask next about Bitcoin rainbow chart.
Is the Bitcoin rainbow chart accurate?
The Bitcoin rainbow chart is accurate as a record of where past prices sat against its fit, and it makes no claim about future prices. Its bands were sized to hold every daily close since 2013, so a good fit to the past is built in. It is not a forecast and not advice.
What band is bitcoin in today?
Bitcoin is in band 4 today, Just below the line, at $74,317 on CoinGecko. That band spans $63,277 to $108,802 on Onchain Wiki's frozen log fit, and the chart redraws every day.
Who created the rainbow chart?
The rainbow chart was created by Reddit user azop, who posted rainbow log charts in 2014, according to Blockchaincenter. The curved line came from a 2014 logarithmic regression by Bitcointalk user Trolololo, and Blockchaincenter combined the two into the widely shared version in 2019.
Is the rainbow chart a power law?
Our rainbow chart is a power law in disguise: a straight line in log price against the log of days means price grows with days raised to a fixed power, about 5.59 on our fit. The published Bitcoin power law model uses a somewhat larger exponent.
How often is the rainbow chart updated?
The rainbow chart on this page is updated every day with the latest CoinGecko price, so how often today's band can change is daily. The fitted line and band edges follow a formula frozen on November 8, 2026.
Sources
Every number on this page comes from these sources, checked November 10, 2026.