BTC indicator for medium-term traders 🕯

Golden Ratio Multiplier (https://www.lookintobitcoin.com/charts/golden-ratio-multiplier/) uses 350 DMA, golden ratio and Fibonacci levels to identify major support and resistance levels for bitcoin price.

This indicator will suit both investors to track the cycles of the first cryptocurrency as the price moves from the bottom to the top line. But it will be of great use to medium-term traders who can trade between key support and resistance levels.

🟣 - shows reaching the peak of the bull market, in 2021 the price never managed to rise above this line.

🟡 - the bottom indicator, buying below it brings maximum profit, and the exit of the price above this line gives a signal for the beginning of a new bull market.

Right now, BTC price is squeezed between 🟡 ($45k) and 🟢 ($30k). This range could become the new pro-trading level unless Bloomberg and BlackRock figure out how to get the hype back into the first cryptocurrency to drag the price even higher.

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