Golden Ratio Multiplier Indicates Bitcoin Could Reach $160,000 Next

Bitcoin is currently trading around $103,000, experiencing a slowdown in upward momentum since May. Analysts maintain a bullish long-term outlook despite short-term volatility.

Golden Ratio Multiplier Identifies New Peak

The Golden Ratio Multiplier, which accurately predicted Bitcoin's price tops in 2013, 2017, and 2021, has indicated a significant peak in March 2024.
This peak is interpreted as a mid-top, not the cycle's final high.
CryptoCon, a noted analyst, states that Bitcoin's price action has reached Level 4 of the multiplier chart, implying further potential increases.
The Level 5 target is projected at $160,000, trending upward.
The current market phase resembles the April 2017 period before a major rally.

Next Major Target: $160,000

Bitcoin has historically topped at varying levels of the Golden Multiplier Ratio.
The expected peak for this cycle is likely Level 5, with a potential rally toward $160,000 later this year.
The current price range may represent a buildup before a significant breakout.

As of now, Bitcoin is trading at $102,971.