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Home Technical analysis BTC

Crypto Calculated: How Ancient Math Predicts Bitcoin’s Next Top At $270K

Tony Spilotro by Tony Spilotro
5 months ago
in BTC
Reading Time: 3min read
bitcoin btcusd fibonacci

Fibonacci spiral over 3d black background with grid. Science or mathematics concept illustration.

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As Bitcoin takes out $11,000 and potentially aims higher, renewed talk of the crypto asset’s next potential peak has returned to the market.

Analysts do their best to do more than just speculate, backing up theories with fundamental statistics or technical signals to predict future prices. But could it all be based on mathematics that’s been around for centuries? And if so, could Bitcoin’s next peak be at $270K?

Perfect Fibonacci Extension Progression Points To Next Bitcoin Peak At $270K

Bitcoin price and what it will be some day is a regularly contested subject. Pundits pronounce the asset dead and claim its ready to go to zero. Others, even the likes of billionaire venture capitalist Tim Draper believe it’ll be worth in the hundreds of thousands.

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If Bitcoin follows the same exact trajectory as the last bull market, it is on track for a top at around $325K, top crypto experts have claimed.

Related Reading | Analyst: Sidelined Capital Enough To Push Bitcoin To $1 Trillion Market Cap

However, each peak has brought investors diminishing returns, so it is reasonable to expect that peak to be lower than the last in terms of ROI.

But could an extremely simple mathematical pattern named after a mathematician born in 1170 perfectly predict each Bitcoin top? If it is possible, the formula points to the next peak at $270K according to a chart shared by a leading cryptocurrency analyst.

The cryptocurrency has been peaking at each Fibonacci extension ending in “.272.” Fibonacci retracement and extensions are ratios based on Fibonacci sequence. The next one above is the 4.272 extension, residing at roughly $270K.

bitcoin btcusd fibonacci

Brave New Coin Bitcoin Liquid Index Fibonacci Extension Predicts Next Peak | Source: TradingView

Demand Minus Supply Equals Next Crypto Bull Run, But When?

Everything about Bitcoin is steeped in mathematics, so it shouldn’t be shocking that math itself is the key to predicting the crypto asset’s peaks.

The remaining piece of the equation is when this peak occurs. The “when” is argued in the crypto market nearly as much as how much Bitcoin price will ultimately reach.

Believers in the stock-to-flow model expect the cryptocurrency to rip any day now into a new bull market, potentially making that peak a lot sooner than anyone is ready for.

Related Reading | Bitcoin Fundamental Expert: “Clarity” Comes After “Rocky” Election Ends

Naysayers in that model, expect a lengthening market cycle for Bitcoin – one where the halving doesn’t have quite the impact that experts expect.

It’s hard to argue with the stock-to-flow model, however, because again, it is based on math. Math is one of the most powerful forces in nature, governing space, time, and even the price of Bitcoin.

Featured image from Deposit Photos, Charts from TradingView
Tags: bitcoinbtcbtcusdbtcusdcBTCUSDTcryptofibonaccifibonacci extensionsmathxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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