Bitcoin Rainbow Chart Lands in "HODL!" Territory While Price Hovers

Bitcoin sits comfortably in the "HODL!" zone on the Rainbow Chart. Price action seems stuck between $105,000 and $110,000. Early October 2025 data suggests we're at fair value.

Rainbow Chart Points to Middle Ground

BTC hit crazy highs earlier this year. Now it's just... drifting. Going nowhere fast. The Rainbow Chart—those colorful logarithmic bands traders obsess over—shows Bitcoin squarely in the "HODL!" range. That's between $108,379 and $142,415.

Not too hot, not too cold. Kind of perfect.

These rainbow bands give us a feel for market sentiment. Red means too expensive. Blue suggests bargain territory. Right now? We're in the sensible middle.

Market Telling Different Stories

On-chain metrics paint a murkier picture. Demand's been slipping since prices peaked months back. It's not terrible. Still absorbing selling pressure. But the trend isn't ideal.

Buy signals flicker on the horizon. Technical charts show sellers might be getting tired. Oversold conditions appear. Recovery? Maybe. If buyers show up.

Wyckoff Pattern Brewing?

Some folks think we're watching a Wyckoff Accumulation pattern finish up. Big if true. Break past $110,000 and we might rocket to $130,000. Just speculation though.

Support at $104,000 looks solid for now. Recent Fed moves shook out leveraged positions. Might be healthier this way.

Bitcoin trades around $108,400 at press time. Smack in the middle of that "HODL!" band. Not overpriced, not undervalued. It's not entirely clear where we go next.