Bitcoin: Fibonacci Channels & Halvings Signals.

Following our previous study on how the length of the Bull Cycles can estimate the upcoming Bull Market and set a $100,000 target for bitcoin , we decided to add the Fibonacci Channels/ Retracement levels and Halving elements for a more complete understanding of the next peak.

The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a buy signal.

The Fibonacci Retracement levels show that every time BTC reaches half the Fibonacci extension of the previous price peak (X/2) it makes a new top (all time highs) and enters into a bear cycle, a clear sell signal.

The Halvings (buy signal) show that each time bitcoin makes a new top for the bull market (all time highs) around +45% of the previous Halving – Peak length.

Combining the above we can reach the conclusion that a price target around $130,000 is even possible at the peak of the next Bull Cycle.

Take a look at our Bull Cycle study below:

A a more analytical perspective on bitcoin’s Halvings, Reward phases and cycles

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