| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107251.5500000000 |
| ETH | $2429.6280000000 |
| BNB | $649.1998200000 |
| XRP | $2.1821860000 |
| ADA | $0.5616671000 |
| SOL | $149.9201000000 |
| DOGE | $N/A |
| DOT | $3.3876400000 |
| LTC | $86.3774000000 |
| LINK | $13.3016500000 |
Category: CRYPTO NEWS
The post Golden Multiplier Ratio Called Bitcoin Top In 2021, Here’s What It’s Saying Now appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is still trading around the $103,000 mark, although the upward momentum it started in May has exhibited a slowdown in the past seven days. Although a short-term volatility is currently playing out, the long-term outlook is undoubtedly bullish. Related Reading Some analysts are looking to long-term cycle indicators for direction. One such tool, the Golden Ratio Multiplier, which called the Bitcoin top in 2021, has resurfaced with another interesting top for the current Bitcoin cycle. Golden Ratio Multiplier Identified 2021 Top, Now Points To New Peak Taking to a post on social media platform X, popular crypto analyst CryptoCon highlighted the reliability of the Golden Ratio Multiplier in predicting Bitcoin’s price top in each cycle. The Golden Ratio Multiplier is a logarithmic model that incorporates Fibonacci-derived multipliers to anticipate Bitcoin’s macro trends. Notably, this metric was among the few to accurately call the April 2021 cycle top in real time, the same as the 2017 and 2013 price tops. This cycle, the model has already flagged a significant peak in March 2024, although the crypto analyst interpreted this not as the final high but as a mid-top. CryptoCon explained that Bitcoin’s price action has already hit Level 4 of the multiplier chart this cycle, but this isn’t the final peak. “We’ve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means we’re bound to do it again,” he wrote. The Level 5 band now…
2025-05-18T02:36:14+00:00