The Bitcoin (BTC) Rainbow Chart is signalling that the asset remains in a mid-cycle zone, with projections pointing to a gradual climb into early May. The chart, which uses a logarithmic growth curve with color bands to predict price, places Bitcoin within a broad but defined valuation range heading into May 1, 2026. According to the outlook for May 1, the lowest end, the ‘Basically a Fire Sale’ zone, sits around $57,644.28, representing extreme undervaluation historically associated with cycle bottoms