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