Indicator that Called the Last Bitcoin (BTC) Bull Cycle Tops Has Finally Revealed When and Where to Expect a Price Peak

2024-3-3 16:30

Noted crypto analyst Gert van Lagen recently posted a X thread indicating that an indicator that has accurately predicted Bitcoin’s bull cycle tops in the past has now been triggered again. This could give insight into when and at what price the next BTC top could occur.

Gert van Lagen’s Analysis

At the time of his post, Bitcoin’s price was around $61,800. He stated that BTC has now broken above the 1.618 Fibonacci extension of the 2018 bear market price low and high.

In the previous two Bitcoin bull cycles, when this 1.618 extension level was exceeded, the BTC price topped out within 2-3 months near the 2.272 Fibonacci extension level before entering a prolonged bear market.

Currently, the 2.272 extension of the 2018 bear market bottom and top falls around $207,000. So if history repeats, Bitcoin could see its bull run peak around $207,000 within the next 2-3 months.

Time Will Tell

While history doesn’t necessarily repeat itself exactly, especially in a nascent asset class like cryptocurrency, tracking indicators like the Fibonacci levels that have marked peaks in the past can give traders an idea of when to expect trend reversals.

It remains to be seen if Bitcoin will follow the historical pattern and top out close to $207,000 in early 2024 before starting a new bearish cycle. But Van Lagen makes a case for being cautious about excessive price optimism in the short term.

You may also be interested in:

Meme Coin Price Explosion: DOGE, SHIB, BONK, and PEPE Surge to New Highs, But Don’t Overlook These New Low-Cap Cryptos ApeCoin Goes Bananas; APE Rally Has Further to Run After Breaking Key Resistance Ethereum (ETH) New 2024 Highs Sees Investors Join Kelexo (KLXO) Leverage & Loaning Sensation as Presale Rockets Pre Bitcoin (BTC) Halving Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters

The post Indicator that Called the Last Bitcoin (BTC) Bull Cycle Tops Has Finally Revealed When and Where to Expect a Price Peak appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price indicator tops when cycle bitcoin could

Источник: captainaltcoin.com

price indicator → Результатов: 126


Фото:

XRP To Outperform Bitcoin Next Year As Price Indicator Bets It Will Have Its “Best Year Since 2017”

XRP’s multi-year-long stagnation phase could soon come to an end. According to a price indicator that has gained traction among investors, the crypto asset is set for a stellar performance in 2021. In a November 7 tweet, a financial analyst at Cane Island Alternative Advisors, Timothy Peterson, drew attention to this bullish possibility for the […]

2020-11-11 18:09


Tron (TRX)’s Price at Its 200-Day MA as niTROn Event Approaches

Recently Tron’s price crossed and spiked nearly 50% above its 200-day moving average in a strong bullish move. TRX was the only major cryptocurrency to be trading above this long term trend indicator, but with the market taking a bearish turn over the last few days, TRX’s price has now retraced and is resting just above […] Tron (TRX)’s Price at Its 200-Day MA as niTROn Event Approaches was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-12 23:23


Electroneum added on HitBTC and the price reaction was a ridiculous jump of 38%. This is an indicator of a deeper problem in ETN

Electroneum (ETN) saw a brief, preposterous  spike of 38%, as the coin jumped following its listing on the HitBTC exchange. As per the official blog announcement from the exchange: “We are happy to announce the long-awaited integration of Electroneum (ETN), the mobile-based cryptocurrency providing a digital payment solution to the developing world.

2018-11-22 01:11


Фото:

Bitcoin Value Indicator Says Price ‘Still Overbought’ But Bottom ‘Near’

The Bitcoin price bottom is “near,” but the largest cryptocurrency still shows signs of being “overbought,” new research released October 1 claims. Understanding ‘What’s Going On’ In the latest installment of his ‘Bitcoin Value Indicator,’ tech commentator Hans Hauge brought together multiple factors to create an overview of the Bitcoin price which he says allows investors to “understand what’s going on.

2018-10-3 23:00


Why Bitcoin (BTC)’s Price Is A False Indicator Of Actual Value

Chart for BTC/USD (1W) Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way.

2018-9-20 17:00


Фото:

CNBC ‘Reverse Bitcoin Price Indicator’ Hits Bullseye Again

Less than a week after CNBC forecast an $8000 Bitcoin price, the largest cryptocurrency tumbled close to $6000, leading to ridicule from commentators. ‘$8K Could Be Next’ In another instance of the network proving itself as a so-called ‘reverse price indicator,’ its predictions for BTC/USD completely contrasted with short-term reality, the pair going on to lose almost 13 percent in less than 24 hours.

2018-9-6 15:00


Фото:

Is Mining Cost the Best Indicator for Determining Bitcoin Price Trends?

Bitcoin mining cost has been a good but cliched indicator for crypto market trends. However, the costs are based on a plethora of internal and external factors that may make them less reliable. Could there then be a way in which mining costs become the most reliable method of determining crypto prices? Medium user BarclayJames makes […] Is Mining Cost the Best Indicator for Determining Bitcoin Price Trends? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-28 17:38


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Is Lido DAO Pumping? Expert Outlines LDO Price Path to $3

The price of Lido DAO has surged today, experiencing an increase of over 20% in the last 24 hours, coinciding with a broader upswing in several Ethereum tokens. This movement is likely driven by a renewed positive sentiment surrounding Ethereum, which has positively impacted tokens within its ecosystem.