Bitcoin’s Golden Ratio Multiplier Predicts New Cycle Peak
- Bitcoin is currently trading at approximately $103,000.
- The Golden Ratio Multiplier, a logarithmic model, accurately predicted Bitcoin’s price tops in 2013, 2017, and 2021.
- The model suggests a significant peak in March 2024 as a mid-cycle top.
- The next major target for Bitcoin is around $160,000 according to the Level 5 band of the multiplier chart.
The Golden Ratio Multiplier has identified historical peaks in Bitcoin cycles and now indicates a potential new peak around $160,000 later this year. Currently, Bitcoin trades near $103,000 with expectations of further upward movement.
Source (2.6)https://www.newsbtc.com/news/bitcoin/golden-ratio-multiplier-called-bitcoin-top-in-2021-heres-what-its-saying-now/?rand=52377
