$BTC Every ATH has been shallower than the previous one, and the best sell zone has consistently formed between two different .618 Fibonacci extensions.
The previous bull market topped between the 2.618 and 1.618 extensions, but much closer to the 1.618.
This cycle could follow a similar path.
Why?
The main difference between this cycle and previous ones is that the bear market bottom was ~20–30% shallower.
That means significantly less upside is required to reach the 1.618 extension.
If price continues to follow the same pattern, the 1.618 should sit much closer to the eventual macro top.
This also aligns with the diminishing-returns theory across each cycle, adding another confluence to the $160K region.$BITCOIN
The previous bull market topped between the 2.618 and 1.618 extensions, but much closer to the 1.618.
This cycle could follow a similar path.
Why?
The main difference between this cycle and previous ones is that the bear market bottom was ~20–30% shallower.
That means significantly less upside is required to reach the 1.618 extension.
If price continues to follow the same pattern, the 1.618 should sit much closer to the eventual macro top.
This also aligns with the diminishing-returns theory across each cycle, adding another confluence to the $160K region.$BITCOIN