BITCOIN Long Term charts, Start to now
The green Arc is a Fib Arc based on ATH's, part of a Fib spiral and was used as resistance till Oct '20
If PA had followed Arc, PA would HAVE to drop now, so PA broke Free to continue in channel
I believe these ATH's were perfectly organised to form this "618" Fib arc. And YES, if you do a calculation, which I can explain if you wish, 618 is the result. This lead me to try a fib siral on the Curve and it fitted perfectly. As shown in the chart, 2 ATH's were used to form what has become the Support and Resistance trendlines of the ascending channal that PA has followed since.
They say 3 touches makes a trendline Valid. That has been done.
If Valid, Next ATH in Aug '25 @ 600K +
We can only wait to find out
If PA had followed Arc, PA would HAVE to drop now, so PA broke Free to continue in channel
I believe these ATH's were perfectly organised to form this "618" Fib arc. And YES, if you do a calculation, which I can explain if you wish, 618 is the result. This lead me to try a fib siral on the Curve and it fitted perfectly. As shown in the chart, 2 ATH's were used to form what has become the Support and Resistance trendlines of the ascending channal that PA has followed since.
They say 3 touches makes a trendline Valid. That has been done.
If Valid, Next ATH in Aug '25 @ 600K +
We can only wait to find out
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.