Expert Trader Shows ‘Simple Math’ To Calculate The Bitcoin Price Bottom
A crypto market analyst has outlined what he describes as a straightforward mathematical method that helped identify the bottom of . By focusing on long-term Fibonacci levels and quarterly price behavior, the analyst argues that the same structural logic that marked the 2022 bottom is now shaping Bitcoin’s next macro phase.
Simple Math That Identified The Bitcoin Price Bear Market Bottom
In an X post shared on March 8, crypto analyst Chetan Gurjar a prediction he made in December 2022 regarding . While he acknowledged that the timing of the call was slightly off by a few months, he stated that the price target itself proved accurate.
The analysis referenced around the $15,000 region in late 2022, which the analyst had previously projected using this framework. His approach centers on macro plotted on the quarterly chart, with particular focus on the 1.618 Fibonacci level positioned near $62,084.
The chart accompanying the explanation highlights how Bitcoin historically reacts to this macro level. During the 2021 bull cycle, Bitcoin repeatedly failed to break and sustain price action a. The analyst pointed to the second and fourth quarter candles of 2021, both of which were rejected at that same zone.
signaled strong resistance at the time, reinforcing the significance of the level in the broader market structure. By mapping these macro levels across cycles, the analyst argues that long-term Fibonacci mathematics can help and potential expansion targets.
Quarterly Fibonacci Retest Suggests Next Macro Phase
The analyst’s latest chart interpretation suggests that Bitcoin’s relationship with the 1.618 . After breaking above the $62,084 region on the quarterly timeframe, Bitcoin has not produced a quarterly candle close below the level since the breakout.
The chart shows two notable retests following the move. In the second and third quarters afterward, Bitcoin briefly tested the level but managed to hold above it on a closing basis. One quarterly wick even dipped below $50,000 before reclaiming the $62,084 level. As of the current quarter ending in March, Bitcoin is again trading above the . According to the analyst’s interpretation, this behavior represents a bullish quarterly retest.
The projection drawn on the chart extends toward the next Fibonacci expansion level at 2.618, which sits near $393,874. Gurjar describes this level as the minimum macro target if the structure holds. The chart also signals potential volatility, suggesting price wicks could stretch toward the $500,000 region .
However, the analyst notes that deeper quarterly wicks remain possible depending on broader market conditions, including potential weakness in the altcoin market. Even with that caveat, the framework presents the current structure as a continuation pattern .
