Fibonacci Retracement
ExtendedTracks Bitcoin price relative to the 0.618 Fibonacci retracement of each cycle (peak to prior trough). Historically, every cycle bottom has formed below the 0.618 level, but the drawdown below it gets shallower with each successive cycle.
The 0.618 (golden ratio) retracement has acted as a magnet for cycle bottoms. Price always dipped below it before recovering. The current 0.618 level sits around $50K — if history rhymes, a dip below it would be the buy of the cycle.
Methodology
For each cycle, the 0.618 retracement is computed as: level = peak - 0.618 × (peak - prior_trough). The ratio Price / 0.618_level is tracked over time. A ratio below 1.0 means price is under the golden pocket retracement. Cycle peaks and troughs are based on CoinMetrics daily close prices.
Zones
Last updated: 2026-03-23 | Data source: CoinMetrics Community
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