How close is Bitcoin to its cycle-top ceilings?
Stepping ceilings built from Bitcoin's 350-day average. Past peaks have stalled near the higher ones.
This builds a set of rising ceiling lines from Bitcoin's 350-day average price, multiplied by a ladder of numbers (1.6, 2, 3, 5 and higher) — a long-range map called the Golden Ratio Multiplier. Read more
- Lately Bitcoin has been climbing toward its ceiling lines.
- It is still below the 350-day average — well clear of any ceiling.
The line is Bitcoin's price divided by its 350-day average. The 1× line is that average; the higher lines (1.6×, 2×, 3×, 5×) are the ceilings past peaks have stalled near. Below 1× is the cheap side.
If Bitcoin climbs toward the higher ceilings, it moves into the stretched zone that has marked past peaks.
If it stays below its 350-day average, it sits in the cheap zone where past cycles have found their footing.
Understanding Golden Ratio Multiplier
The Golden Ratio Multiplier starts from Bitcoin's 350-day average price and multiplies it by a set of numbers (1.6, 2, 3, 5 and higher). Each multiple draws a rising ceiling line.
Across past cycles, Bitcoin's price has tended to stall near one of these ceilings before turning down — the 1.6× line in some cycles, the higher ones in the biggest runs. Below the 350-day average (under the 1× line) has been the cheap side.
Because the ceilings rise over time, an old peak price isn't the same ceiling today. It's a rough map of how much room Bitcoin has before it reaches levels that have marked past tops — one gauge among several.