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Bitcoin is still trading on the $ 103,000 brand, although the upscale momentum that started in May I offered slowdown In the past seven days. Although Short -term fluctuations He currently plays, long -term expectations are undoubtedly ascending.
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Some analysts search Long -term round -term indicators. One of these tools, which is the multiplication of the golden ratio, which is called Bitcoin in 2021, has returned to appearing with another interesting summit for the current Bitcoin.
Determine the Gold Rent 2021 higher, and now indicates the new peak
Take to Publishing on the x social media platform, The most prominent famous cryptocon encryption analyst is the multiplication of the golden ratio in predicting the highest Bitcoin price per course. The golden ratio is a Logarette model that includes complications derived from Fibonacci to anticipate kidney trends in Bitcoin.
It is worth noting that this scale was among the few who accurately necessitated the April 2021 session in the actual time, the same prices as 2017 and 2013. This session, the model has already put a great peak in March 2024, although the encryption analyst has interpreted this not as a final height but as average.
Cryptocon explained that the Bitcoin price movement has already reached the 4th level of the double chart in this course, but this is not the final summit. “We have already reached the level of the upper cycle in this course once, but this was for the mid -round in March 2024, which means that we are obligated to do it again,” he wrote.
Level 5 group is now about $ 160,000 and continues to go up. When a previous circulation of previous sessions, Cryptocon pointed out that the current cycle structure shows strong similarities with the period from 2015 to 2017, when Bitcoin witnessed a gradual accumulation followed by an explosive outbreak.
Based on this comparison, the current market stage is seen as What is equivalent to April 2017, Before Bitcoin walks in a gathering in the months that followed.
The golden double rate indicates that 160 thousand dollars is the next main goal
The chart associated with the Cryptocon project draws a familiar image with a golden double. Each domain, ranges from level 1 to level 10, at a double level derived from the moving average for a period of 350 days. Bitcoin topped at different levels: level 10 in 2011, level 9 and 8 in 2013, level 7 in 2017, level 6 in 2021. It should be the height of the current session most likely from the 5 level, but Bitcoin. The price has not reached there yet.
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If the market continues to respect this structure, Bitcoin may prepare for a crowd towards the 5 -level level of $ 160,000 later in the year, which may represent the highest level in this session. The current range may be about 103,000 dollars Calm before the final collapse. The analyst said: “A slower accumulation, then at the same time.”
At the time of writing this report, Bitcoin was trading at $ 102,971.
Distinctive image from Unsplash, tradingvief chart
