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BTC Fibonacci-Thermocap Rainbow Chart indicates bull market top up to $187,274

BTC Fibonacci-Thermocap Rainbow Chart indicates bull market top up to $187,274

CryptoChan2024/12/09 03:18
By:CryptoChan
According to CryptoChan's latest analysis of the BTC: Fibonaci-Thermocap rainbow chart, by combining the Thermocap Price with the Fibonacci sequence, it is possible to effectively predict the potential top price of Bitcoin in the bull market. This model uses the Fibonacci sequence [1, 2, 3, 5, 8, 13, 21, 34, 55] as multiples, multiplied by the Thermocap Price to generate different price bands, providing investors with a scientific reference framework.
 
What are Thermocap and Thermocap Price?
The Thermocap indicator represents the sum of the mining costs of all miners in the history of Bitcoin, reflecting the total production cost of Bitcoin.
The Thermocap Price is obtained by dividing the Thermocap by the total circulation of BTC. Every doubling of the Thermocap Price can be considered as the potential value range of Bitcoin.
 
Rainbow chart key price band analysis
According to the Fibonacci sequence [1, 2, 3, 5, 8, 13, 21, 34, 55], the model predicts the following price bands for the Bitcoin bull market:
X55 times: $187,274
X34x: $115,769
X21x: $71,505
X13 times: $44,265
X8 times: $27,240
X5 times: $17,025
X3 times: $10,215
X2x: $6,810
X1 times: $3,405
 
Analytical logic
The application of Fibonacci sequence: The Fibonacci sequence [1, 2, 3, 5, 8, 13, 21, 34, 55] is used as multiples, combined with Thermocap Price, forming multiple price bands that gradually increase. These values have not only been repeatedly verified in historical bull markets, but also help investors identify price limits at different stages.
2. Historical verification: Bitcoin has approached or touched the Fibonacci multiple band in several bull markets in the past. Therefore, this model helps investors identify potential tops and escape opportunities.
3. Market reference: The rainbow chart provides multiple price bands from bottom support to top resistance, making it easy for investors to set different target prices and
Risk management strategy.
Although the Fibonacci-Thermocap model provides a scientific reference for the top of the bull market, market trends are still influenced by macroeconomics, policy environment, and market sentiment. Investors should combine multiple analytical tools and market dynamics to plan trading strategies reasonably.
BTC Fibonacci-Thermocap Rainbow Chart indicates bull market top up to $187,274 image 0
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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