Bitcoin / TetherUS Forum & Chats (BINANCE:BTCUSDT)

44 minutes ago

historical price action shows a repeating pattern of rallying toward the 2.618 Fibonacci extension after breaking above the 100% retracement of the previous cycle.

Historical Context:
- Cycle 1 (2013–2017): Reached the 2.618 extension ($3,191) in 4 months after a 136% rally post-breakout.
- Cycle 2 (2017–2021): Hit the 2.618 extension ($54,209) in 3 months with an 86% gain post-breakout.

Current Cycle (2021–Present):
- Duration: 36 months (projected breakout phase at 40 months).
- Target: 2.618 Fibonacci extension at $185,454.
- Projection: A 90% rally from the breakout point, reaching the target within 4 months.

Key Insights:
- Bitcoin has consistently peaked at the 2.618 Fibonacci extension in prior cycles.
- With the current cycle nearing the breakout phase, historical patterns suggest significant upside potential.
- If the breakout occurs, BTC could align with its cyclical tendency and achieve $185,454, marking a 90% gain.

Conclusion:
Bitcoin’s cyclical behavior and Fibonacci-based targets suggest a compelling case for a rally to $185,454 within 4 months of breaking above the 100% retracement. This projection highlights a major bullish opportunity if historical trends hold true. tradingview.com/x/8YB6yySD/