The Bitcoin (BTC) price could reach as high as $100,000 or more by 2025 if the popular Bitcoin Rainbow Chart model is to be believed.
Judging from the popular model, Bitcoin could reach more than $106,000 by early January of 2025 if the price enters the model’s “accumulate” zone. And if that’s not enough, optimistic holders can look forward to a price of close to $700,000 the same year if the price enters the model’s “maximum bubble territory,” a zone that was last reached during the peak of the 2017 crypto bull market.
Further down the road, holders of at least 1 BTC can potentially call themselves millionaires at some point after 2025, although the exact date for that milestone is not yet shown in the model.
Worth noting is that the Bitcoin Rainbow Chart in no way should be seen as predictive or scientific in nature. However, it is by many seen as a fun way to model Bitcoin’s meteoric price rise since the coin’s creation.
The model was developed – and is still maintained – by Blockchaincenter.net’s Holger Rohm.
Among those who have popularized the Bitcoin Rainbow Chart is the popular Twitter user and crypto investor Eric Wall, who has called it a far better model than Bitcoin’s once-popular stock-to-flow (S2F) model. Still, Wall has also reminded investors that even the rainbow chart is nothing more than a tool to “satisfy people’s demand for a colorful moon prediction.”
For now, the Bitcoin price remains stuck in the lowest band of the model – a zone referred to as “basically a fire sale.” The price has also briefly dipped below the lower band of the model, causing Holger Rohm to add an indigo-colored band below the blue band called that he called “1 BTC = 1 BTC.”
On September 20, the indigo band was removed again by Rohm, who then wrote on Twitter that he would instead let the model “die with grace.”