If you put the Fib retracement from the peak of the bull market in 2017 with the minimum in 2019, it will result that the June 2019 maximum of Bitcoin is at the Fibonacci level 0.618, namely the price of $13800. If we do the same exercise by drawing fibonacci from maxium bullmarket 2021 to minimum 2022 we see that the fibonacci level 0.618 is at $48,400 which also coincides with the strong resistance from March 2022. So we have 2 arguments to say that in this rally BTC will run until around the value of $48,000.
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