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Expert Trader Shows ‘Simple Math’ To Calculate The Bitcoin Price Bottom

NewsBTC|Sandra White|March 9, 2026 at 04:00 PM

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🤖AI Summary

Crypto analyst Chetan Gurjar explains how Fibonacci levels on Bitcoin's quarterly chart successfully identified the 2022 bear market bottom around $15,000. The analysis suggests Bitcoin has now broken above the key 1.618 Fibonacci resistance level at $62,084 and is retesting it as support, potentially targeting $393,874 as the next macro expansion level.

Key Takeaways

→The analyst accurately predicted Bitcoin's 2022 bear market bottom using quarterly Fibonacci extension levels.
→Bitcoin repeatedly failed to break above the 1.618 Fibonacci level at $62,084 during the 2021 bull cycle.
→Bitcoin has now broken above $62,084 and is successfully retesting it as support on the quarterly timeframe.
→The next macro target sits at the 2.618 Fibonacci level near $393,874 with potential wicks toward $500,000.
→The framework suggests Bitcoin is entering a new macro bullish phase if it maintains support above $62,084.

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#bitcoin #fibonacci #technical-analysis #price-prediction #quarterly-chart #macro-analysis #bull-market #support-resistance

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