Bitcoin price July 2013 - $66, December 2013 - $1163. July 2017 - $1830, December 2017 - $19700. This is standard bull cycle consolidation (Fibonacci Analysis)

The Golden Ratio

Some of you may not know about Fibonacci ratios but that's ok. I will not overcomplicate this post and you don't need to be a TA expert to understand it.

Suffice to say, these ratios, particularly what's referred to as the golden ratio (1.618), aren't limited to TA, but ubiquitous in all nature and cosmos.

Fans of The Da Vinci Code will remember Professor Langton explaining how mathematics and art collide via the 'golden ratio.'

The golden ratio is sometimes called the "divine proportion," because of its frequency in the natural world. Space-time itself is defined by this mathematical constant. Naturally, we humans are somehow programmed to act in accordance with this ratio in everything we do.

Golden Ratio in Bitcoin

Bitcoin's price action right now is following the exact same pattern that it did in 2013 and 2017. Let's take a look. These charts are very easy to follow,

Bitcoin's first big run, new ATH and correction to 1.618 (2011-2013)

Exact same pattern (December 2013 to July 2017)

Unerringly rhythmical (December 2017 to July 2021)

When Steve Wozniak called Bitcoin a mathematical miracle, he wasn't kidding. Whatever makes the price action so unerringly rhythmical this way between halving cycles can be empirically analyzed by humans similar to the patterns in nature but never fully understood.

It once again begs the question if Mathematics was invented or discovered.

I was already super excited 3 years ago to observe whether the same pattern would play out again. To see it play out exactly the same way (so far) is nothing short of spine-chilling.

You can check out the two pinned posts on my profile.

In February 2018, when everyone was panicking, I pointed out that we would go back to 19k and beyond in the next cycle.

Back then, I hadn't yet analyzed the price action this closely but I knew the quadrennial cycles.

Then in December last year, I called for $100k before the end of 2021 which I still stand by.

Just as my prediction in 2018, I understand that this may be too optimistic to imagine right at this moment.

In my personal opinion, it's very likely that 29k turns out to be the bottom for this correction phase.

But you should of course DYOR.

Edit: Kindly cite source if you share the charts. Seen them on Twitter and Telegram without H/T.