TL; DR
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BTC just reached its golden fib level at $48,550. If it breaks this level before the halving, it will be the first time in history (and we could be on our way to new all-time highs).
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That debate we’ve already written about three times in recent weeks?
(Will Bitcoin Crash or Skyrocket Before the Halving?)
It’s him. ting. upwards!
One of the fundamental toolsets in financial chart analysis is ‘Fibonacci levels’ (which are based on Fibonacci series – the same ones you used to have to study in high school).
And there is one line on the Fibonacci charts that does never crossed for the Bitcoin halving (expected in April this year).
This level is known as the 0.618 level, or the ‘golden lie’.
Historically, Bitcoin has always done that tried to rise to golden fib levels in the run-up to the halving, but then collapse -30% or more (before rising to all-time highs).
This time the gold fib level is right at $48,550.
…and guess who kissed Bitcoin last weekend – $48,535 (the dirty dog)!