Bitcoin could trade between $59K and $491K by May 2026, per Rainbow Chart projections.

The Bitcoin Rainbow Chart projects that Bitcoin's price could range from about $59,136 to $491,369 by May 31, 2026, depending on market conditions and cycle strength. The chart uses colored bands to indicate market sentiment, from deep undervaluation to bubble territory. Currently trading near $78,200, Bitcoin is close to the 'BUY!' band, suggesting relatively flat growth in the near term. However, under stronger bullish cycles, Bitcoin could reach levels above $173,000 or even approach the maximum bubble territory near $491,000. Technical indicators show Bitcoin has short-term momentum but has yet to fully reclaim a long-term bullish trend, leaving room for potential upside if momentum strengthens.