Apparently, the Fibonacci extension level 1.618 from a Bitcoin bull run precisely predicts the top for the second upcoming bull run ahead of its reference. It's astonishing how perfectly it has worked out so far.
โ 2010/11 bull run predicted the 2016/17 bull run top at its 1.618 Fibonacci's extension
โ 2012/13 bull run predicted the 2020/21 bull run top at its 1.618 Fibonacci's extension
Based on this pattern, referencing the extension from two bull runs before (2016/17), the current run should reach its top at around $380k.
Is this a secret rule behind Bitcoin?
Time will tell.
โ 2010/11 bull run predicted the 2016/17 bull run top at its 1.618 Fibonacci's extension
โ 2012/13 bull run predicted the 2020/21 bull run top at its 1.618 Fibonacci's extension
Based on this pattern, referencing the extension from two bull runs before (2016/17), the current run should reach its top at around $380k.
Is this a secret rule behind Bitcoin?
Time will tell.