Can Ancient Math Predict the Next Bitcoin Top at $220K?
Bitcoin was built using mathematical code, and nearly all aspects of it, from its hard-capped supply to its price, and everything in between is deeply steeped in math.
Ancient mathematics first popularized in the middle-ages may hold the key to predicting Bitcoin tops and bottoms with chilling accuracy. And according to how the number sequence has followed thus far, one crypto analyst believes it would put the top of the next Bitcoin rally at $220,000 per BTC.
Mathematics is the study of quantity, structure, space, and change. Each of these key attributes is central to Bitcoin in some way. Quantity, would represent how many Bitcoins have been hard-coded to exist; structure would represent Bitcoins code and blockchain, space could theoretically represent chart patterns such as the symmetrical triangle the crypto asset recently broke down from; and change would be represented by price action and change in value, or potentially through Bitcoins regularly planned halvings.
With math so important to Bitcoin, could it also hold the key to unlocking the ability to accurately predict price tops and bottoms using a number sequence developed by a renowned mathematician from the middle-ages? One crypto analyst believes so and suggests the next target for Bitcoins top would be $220,000 per BTC if the sequence continues to be followed.
if that repeats for the 4th time, the next cycle will bring us:
canT waiT legghoooo pic.twitter.com/3oN7p4K72u
The analyst says that Bitcoin is ruled by Fibonacci numbers, and follows a magic mathematic path. Using Fibonacci sequence – a series of numbers where the next number can be found by adding up the two numbers before it – the analyst claims each previous cycle top and bottom has been predictable, and if the same pattern is followed, the next logical top for BTC would be at $220,000.
As for when that target is reached, the analyst doesnt say, but does also offer up a bottom Bitcoin will reach after the top target has been reached and momentum begins to reverse. According to the theory, the next Bitcoin bottom would be at $36,000.
Fibonacci sequence was popularized by and eventually named after Leonardo Bonacci, considered the the most talented Western mathematician of the Middle Ages and better known as Fibonacci. His work is commonly found even today, especially when it comes to Bitcoin, crypto, and financial markets.
Using fib ratios, fib retracement levels, fib spirals, and other Fibona ...Read full story on NewsBTC