when

<p>Noted <a href="https://twitter.com/GertvanLagen/status/1764027736572477691?t=siWKqRdyOSoFcBKp-Vfquw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto analyst Gert van Lagen</a> recently posted a X thread indicating that an indicator that has accurately predicted Bitcoin’s bull cycle tops in the past has now been triggered again. This could give insight into when and at what price the next BTC top could occur.</p>
<p><strong>Gert van Lagen’s Analysis</strong></p>
<p>At the time of his post, Bitcoin’s price was around $61,800. He stated that BTC has now broken above the 1.618 Fibonacci extension of the 2018 bear market price low and high.</p>
<p>In the previous two Bitcoin bull cycles, when this 1.618 extension level was exceeded, the BTC price topped out within 2-3 months near the 2.272 Fibonacci extension level before entering a prolonged bear market.</p>
<p>Currently, the 2.272 extension of the 2018 bear market bottom and top falls around $207,000. So if history repeats, Bitcoin could see its bull run peak around $207,000 within the next 2-3 months.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="644" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-1024x644.png" alt="" class="wp-image-447083" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-1024x644.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-300x189.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-766x482.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-1536x966.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-2048x1288.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-239x150.png 239w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-557x350.png 557w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96-788x495.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-96.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Time Will Tell</strong></p>
<p>While history doesn’t necessarily repeat itself exactly, especially in a nascent asset class like cryptocurrency, tracking indicators like the Fibonacci levels that have marked peaks in the past can give traders an idea of when to expect trend reversals.</p>
<p>It remains to be seen if Bitcoin will follow the historical pattern and top out close to $207,000 in early 2024 before starting a new bearish cycle. But Van Lagen makes a case for being cautious about excessive price optimism in the short term.</p>
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<p>The post <a href="https://captainaltcoin.com/indicator-that-called-the-last-bitcoin-btc-bull-cycle-tops-has-finally-revealed-when-and-where-to-expect-a-price-peak/" rel="noopener noreferrer nofollow">Indicator that Called the Last Bitcoin (BTC) Bull Cycle Tops Has Finally Revealed When and Where to Expect a Price Peak</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Indicator that Called the Last Bitcoin (BTC) Bull Cycle Tops Has Finally Revealed When and Where to Expect a Price Peak

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