The Bitcoin Golden Ratio Multiplier 📊
The Bitcoin Golden Ratio Multiplier uses multiples of the 350-day moving average (350DMA) to identify potential resistance levels in Bitcoin's market cycles.
These multiples, based on the Golden Ratio and Fibonacci sequence, have historically marked significant price highs and lows.
🔍 Recently, Bitcoin tested the 350DMA (yellow line) support during the correction, indicating it's still within the expected range.
The market is not yet near the x2 multiple (red line), suggesting potential for further growth before encountering major resistance but only after we confirm the bullish trend while keeping the price above the ATH 📈
