Fibonacci Retracement Cycle Zone #bitcoin at 100%
Following the pattern #BTC cycles, this indicator calculates percentage price retracement from most recent ATH toward the previous cycle low, since lows tend to form near previous ATH.
Historically, values above 78 have marked Bitcoin bottoming zones.
The indicator reached 100% on three other occasions in history: 2012, 2018, 2022 — and now.
#Onchain #CYCLE #Fibonacci $BTC
Following the pattern #BTC cycles, this indicator calculates percentage price retracement from most recent ATH toward the previous cycle low, since lows tend to form near previous ATH.
Historically, values above 78 have marked Bitcoin bottoming zones.
The indicator reached 100% on three other occasions in history: 2012, 2018, 2022 — and now.
#Onchain #CYCLE #Fibonacci $BTC