#Bitcoin Generational Bottom?
Something caught my attention while applying standard Fibonacci retracements on Bitcoin’s logarithmic chart.
In each of the last three cycles, Bitcoin bottomed inside the exact same retracement zone:
78.6% – 88.6% Fib Retracement
If the pattern repeats, a potential generational buying opportunity could emerge around $39K.
Not my base case. But markets don’t care about our opinions.
Will history repeat itself?