ReadsPrice & TrendHow close is Bitcoin to its cycle-top ceilings?

BITCOIN GOLDEN RATIO MULTIPLIER

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.

Updated 18 hours ago
maketomaketo.com/indicator/golden-ratio0.002.004.006.008.00350-day averageTop ceiling20112013201520172019202120232025TODAY0.71

The line is the price divided by its 350-day average. 1× 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.

  1. How close is Bitcoin to its cycle-top ceilings?

    Below the 350-day average

    Bitcoin is trading below its 350-day average — beneath even the lowest of its cycle-top ceilings, a cheap-side place to be.

  2. Where does the price sit on the ladder of ceilings?

    $439KTop ceiling (×5)
    $263KHigher ceiling (×3)
    $175KMiddle ceiling (×2)
    $140KFirst ceiling (×1.6)
    $88K350-day average (×1)
    $62KPrice now
    Each rung is Bitcoin’s 350-day average multiplied by a number. Price has to climb the ladder to reach the levels that have marked past tops — and the rungs themselves rise over time.
  3. What’s changed lately?

    • Lately Bitcoin has been easing back toward its 350-day average.
    • It is still below the 350-day average — well clear of any ceiling.
  4. What would change this read?

    • 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.
How much profit is the market sitting on?
The cycle read from unrealized gains.
Priced above or below what people paid?
Another cheap-or-expensive gauge.
How far below the all-time high?
Distance from the last peak.
What did people actually pay?
The network's average buy price.

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.