#Bitcoin📷 $40,200 IMMINENT! 🚀 According to the Golden Ratio Multiplier #BTC📷 could be soon gravitating at least towards the blue line. In the past cycles it even reached a zone somewhere between the blue line and the red line. The red line is currently at 50k.
#Bitcoin
$48.000 is inevitable.
The monthly close becomes decisive. Every time the TSI has crossed bullishly, we have seen a parabolic curve afterwards.
Then $48.000 will only be an intermediate target and $BTC will go much higher.
By now I'm sure you've heard about the Golden Cross that just happened for #Bitcoin.
What you probably didn't hear is what this is, or what comes after.
But don't worry, I've outlined every Golden Cross that's come outside of a bear market downtrend to show you!
This our second golden cross of the year.
This occurs when the 50-day moving average crosses above the 200-day moving average.
In the short term, it's actually more common this brings some downside, with only one instance (October 2015) plowing right through.
The typical percentage in an uptrend seems to be about an 8% decline. This would be about $31,600 from current prices.
But after that, the results are usually very positive!
2 of 7 have come before the entire bull run.
Another 2 have come right before parabolic rise.
(This would have likely been another that came before the bull run if we had not seen the early 2019 parabola and the 2020 black swan)
Here's what I think is most likely:
The Golden Cross launches the entire cycle 4 bull run, with a little initiation dump to get us going.
#Bitcoin $40,200 IMMINENT! 🚀
According to the Golden Ratio Multiplier #BTC could be soon gravitating at least towards the blue line.
In the past cycles it even reached a zone somewhere between the blue line and the red line.
The red line is currently at 50k.
As expected #Bitcoin bounced from the 38.2% Fibonacci retracement level. 📈
#BTC was just retesting this level like it did in the past two cycles.
If you want to have a peaceful 2nd half of cycle do yourself a favor, bookmark my analysis and follow me 🧘.