Is Bitcoin cheap or expensive?
Bitcoin moves in cycles. We measure them.
4 halvings so far, each followed by a long climb and a deep fall. The Bitcoinomics rainbow model places today's price against that record.
$82,563
5% below the model's fair price · Fair price
Where it sits on the rainbow
- Model fair price
- $87,330
- Days in the current band
- 50
- From the record high
- −34%
Explore
Bitcoin Rainbow Chart
Where today's price sits, from bargain to bubble.
The Bitcoin cycle
What the halving does to supply, and every cycle measured.
Bitcoin vs S&P 500 vs Gold
Bitcoin measured against gold, stocks and inflation.
Bitcoin DCA Calculator
What buying a fixed amount regularly would be worth today.
See all (8)Show fewer
Bitcoin Diminishing Returns
How each cycle multiplies less than the last, and what that projects.
Bitcoin Power Law
The straight line on a log-log chart, its floor, and how often that floor really held.
Monthly Returns
Every month since 2011, and whether any month is really better.
Satoshi converter
Sats to dollars and dollars to sats at the live price.
The cycle
The Bitcoin cycle, measured
Every cycle so far has run from one halving to the next in three phases: a rise to the top, a cooldown to the bottom and an accumulation until the next halving. Here is each one at its real length, and where we are today in the current one.
- Rise
- Cooldown
- Accumulation
- Not dated yet
Frequently asked questions
What is Bitcoin's fair price today?
At the latest daily close, the model puts Bitcoin's fair price at about $87,300. It is the center line of the Bitcoinomics rainbow model, drawn through the midpoint between each cycle's bottom and top, and what some call Bitcoin's fair value. It is a reference point taken from past cycles, not a price target.
What is Bitcoinomics?
A small set of free Bitcoin analytics tools built on the complete daily price history. Every number is computed from that series when the page is built, so what a crawler reads and what the charts draw are the same numbers.
Where does the price data come from?
CoinMetrics Community Network Data, refreshed every morning UTC and committed to the repository. The live spot price on top of it comes from Coinbase's public endpoint when you load the page.
Is it free? Do I need an account?
100% free: no account, no tracking cookies, no paywalls. Everything is computed in your browser on data that ships with the page.
Is this financial advice?
No. These are historical models: they describe where the price has been. Use them as context for reading the market, never as a recommendation to buy or sell.