The Bitcoin 5.3 Theory was discovered and propagated by Steve Courtney of Crypto Crew University.
I wanted to create a chart that explained how the The Bitcoin 5.3 Theory works visually without to much complication.
- The BTC 5.3 Theory has had an accuracy of 94% - 99% at predicting the Bitcoin All Time Highs (ATH) to date. - As shown in the chart the formula is as follows: Last Cycle Price Increase ÷ 5.3 x Price Low = Percentage increase to the next ATH. - I have shared a spreadsheet showing this on another platform, regardless the chart illustrates it. - The current projection is approximately $77,005 for the next ATM which is lower than what a lot of people are expecting. - The $80,000 level should be a focal point for us all factoring in the 100% long term Fibonacci extension level from the March 2020 lows is also $83,000.
If you note any error or changes required please let me know, I have tried to get this as accurate as possible
Factual evidence not some speculative nonsense