Using Fib extensions to project 4 year BTC bull highs
I have been using Trend Based Fib extensions in Trading View for many years. It is one of the tools you can use in Trading View for free.
In June 2011 Bitcoin hit its first major high at $31.90. Its bear market low was $2.01 in Nov 2011. Use the Trend Based Fib extension tool; first point is $31.90 in Apr 2011 and the second point is the $2.01 low in Nov 2011; Bitcoin hit the 4.236 Fib extension in Apr 2013 at $268.
In July 2013 Bitcoin hit its low at $65. First point is $268 in Apr 2013; the second point is $65 in July 2013. Bitcoin hit the 4.236 Fib extension in Nov 2013 when it hit the $1177 bull market high in Nov 2013.
In Jan 2015 Bitcoin hit its bear market low at $164. First point is $1177 in Nov 2013; second point is $164 in Jan 2015. Bitcoin hit the 4.236 Fib extension in Oct 2017. If you had DCA'd from then until Dec 2017, then you would have gotten out between $10000 to $15000 which is still very good.
In Dec 2018 Bitcoin hit its bear market low at $3129. First point is $19764 high in Dec 2017; second point is $3129 in Dec 2018. Bitcoin hit the 3.618 Fib extension in April 2021 and again in Nov 2021. If you had DCA'd out in those two months you would have gotten out at very good times.
In Nov 2022 Bitcoin hit its bear market low at $15460. First point is $69000 high in Nov 2021; second point is the $15460 low in Nov 2022. Bitcoin in Oct 2025 (another 35 month bull market from the Nov 2022 low) has a 2.618 Fib extension at $156,000 and a 3.618 Fib extension at $209,000. I feel reasonably confident that Bitcoin will hit within that range of prices by Oct 2025.
After another 12 month bear to say $40000 by Oct 2026 and another 35 month bull market, the 2.618 and 3.618 Fib extensions yield a Bitcoin price between $500,000 to $600,000 by Sep 2029.
After another 12 month bear market to say $130,000 and another 35 month bull market, the 2.618 and 3.818 Fib extensions yield a Bitcoin price between $1.3 M to 1.8M by Aug 2033.
In June 2011 Bitcoin hit its first major high at $31.90. Its bear market low was $2.01 in Nov 2011. Use the Trend Based Fib extension tool; first point is $31.90 in Apr 2011 and the second point is the $2.01 low in Nov 2011; Bitcoin hit the 4.236 Fib extension in Apr 2013 at $268.
In July 2013 Bitcoin hit its low at $65. First point is $268 in Apr 2013; the second point is $65 in July 2013. Bitcoin hit the 4.236 Fib extension in Nov 2013 when it hit the $1177 bull market high in Nov 2013.
In Jan 2015 Bitcoin hit its bear market low at $164. First point is $1177 in Nov 2013; second point is $164 in Jan 2015. Bitcoin hit the 4.236 Fib extension in Oct 2017. If you had DCA'd from then until Dec 2017, then you would have gotten out between $10000 to $15000 which is still very good.
In Dec 2018 Bitcoin hit its bear market low at $3129. First point is $19764 high in Dec 2017; second point is $3129 in Dec 2018. Bitcoin hit the 3.618 Fib extension in April 2021 and again in Nov 2021. If you had DCA'd out in those two months you would have gotten out at very good times.
In Nov 2022 Bitcoin hit its bear market low at $15460. First point is $69000 high in Nov 2021; second point is the $15460 low in Nov 2022. Bitcoin in Oct 2025 (another 35 month bull market from the Nov 2022 low) has a 2.618 Fib extension at $156,000 and a 3.618 Fib extension at $209,000. I feel reasonably confident that Bitcoin will hit within that range of prices by Oct 2025.
After another 12 month bear to say $40000 by Oct 2026 and another 35 month bull market, the 2.618 and 3.618 Fib extensions yield a Bitcoin price between $500,000 to $600,000 by Sep 2029.
After another 12 month bear market to say $130,000 and another 35 month bull market, the 2.618 and 3.818 Fib extensions yield a Bitcoin price between $1.3 M to 1.8M by Aug 2033.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.