Light travels through a prism does it not? We do not describe it simply as light moving towards my eye. We observe the journey that the light is making through the prism. It is this observation of the journey which reaches my eye.
You can't see anything unless light comes from what you see and enters your eye. What's this "observation of a journey" idea you have?
If you see a beam of light passing through a prism, it is because some of the light is scattered out of the prism towards your eye. Take another example: laser beams. You can't see a laser beam at all unless there is dust in the air that scatters some of the light towards your eye.
Or, forget lasers and think about the light from a flashlight shone into the sky. Can you see the beam of the flashlight? If so, it is only because dust in the air is scattering some of the light out of the beam and towards your eye. Put smoke through the beam and you get more scattering and you see the beam more clearly. Shine the beam in a clean room and you won't see it at all until it hits a wall or object, in which case it is the wall or object scattering the light back to your eye.
There is no "observation of a journey". You only see light if it comes straight towards your eye and hits your retina.
I am implying that this is the exact same way we observe a rainbow.
Do you see the problem with that idea now? You only see a rainbow if light comes from the rainbow and enters your eye. So, what happens in a rainbow? What happens is that light from the sun (always behind you, notice), hits water droplets in the air and is reflected by them back towards your eye.
In a rainbow, we are observing the colors of the visible spectrum as they make a journey around a circle.
Wrong. You're watching light bounce through and off water droplets in front of you. The light travels in straight lines from the sun to the droplets, then back to your eye.
Surely, the circle has been magnified by a lens, and not created by one?
What circle?