BTC Golden Ratio Multiplier: $79,676.63
Bitcoin's price with its 350-day average, plus that average multiplied by 1.6, 2 and 3. In past cycles rallies repeatedly stalled at those upper lines, while the 350-day average itself has acted as a floor.
Four reference lines under the price: the average closing price of the last 350 days, and that same value multiplied by 1.6, 2 and 3. The multipliers come from the Fibonacci number sequence that traders commonly use.
For example, if the 350-day average is $85,000, the three upper lines sit at about $136,000, $170,000 and $255,000. In past cycles the price stalled around the 1.6 line partway through a rally and **only** reached the 3 line close to a top.
Price **falling** back to the 350-day average itself is where longer downturns have repeatedly ended. These lines describe where past rallies ran out of steam; nothing makes them binding.
In words: the average of the last 350 daily closing prices, plus three more lines at 1.6, 2 and 3 times that value, drawn under the price.
The upper 5, 8 and 13 lines from the original version are left out on purpose, because the price has not reached them since 2017. The multipliers are conventions rather than measurements, and recent cycles have peaked **lower** against them.
Our own full BTC price history (btc_price_daily: blockchain.info daily closes, 2010-08 to today, 5800+ points). No external API at request time.
Own compute · full BTC price history 2010+ (no external API)