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Using Ancient Mathematics To Predict BTC Prices

by Pragati Shrivastava
, Using Ancient Mathematics To Predict BTC Prices

Consider that Bitcoin is built on ancient mathematics, from its hard-capped supply to its price, Bitcoin tokenomics have deep roots in mathematics and price predictions can be implemented to foresee top and bottom prices with chilling accuracy. This might sound like a quack science but ancient mathematics could be the key to analyze and predict the number sequence and crypto analysts are using the Fibonacci sequence to anticipate a Bitcoin price rally that could reach $220,000 in the near future.

So let’s talk about Fibonacci for a moment. Considered the “the most talented Western mathematician of the Middle Ages,” Leonardo Fibonacci created what is not referred to as the Fibonacci sequence. In truth, mathematician at Stanford U, Keith Devlin, dug deeper to find the roots of this mathematical sequence in ancient Sanskrit texts, which predates Leonardo by centuries. This sequence is very much connected to the “Golden Ratio” that, put into a sequence, can go on into infinity.

In the Fibonacci sequence, new numbers are successfully predicted by adding the previous two numbers before them. Look at this sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34…

Following the sequence properties and looking at Bitcoin price patterns, analysts are watching the markets and pattern indicators, watching the historic top and bottoming prices, and they are predicting that the swing in momentum will reach a higher and higher closing price points. By applying fib ratios, fib retracement levels, fib spirals, and other Fibonacci-based tools to price charts of various assets, important price levels and trend turning points can be predicted with a high degree of accuracy.

This ancient math helps predict quality, structure, space, and change; these attributes being central to Bitcoin’s underlying code. Quantity represents how many Bitcoins have been hard-coded to exist. Structure represents Bitcoin’s blockchain code. Space could theoretically represent chart patterns such as the symmetrical triangle the crypto asset recently broke down from, and change would be represented by price action and change in value, or potentially through Bitcoin’s regularly planned halvings.

Traders use these tools in conjunction with other forms of mathematics, such as geometrical shapes such as triangles, squares, and circles to help, and indicators to conduct technical analysis that can help improve success rates when trading. Because Bitcoin is built on mathematical algorithms, it stands to reason that it would behave predictably. Of course, the caveat to this is human behavior but analysts are waiting for the next Fibonacci retracement to verify their predictions.

With math being so important to Bitcoin, it could it also hold the key to unlocking the ability to accurately predict price tops and bottoms using a number sequence developed by a renowned mathematician from the middle-ages? A crypto analyst claims to believe this and has suggested that the next target for Bitcoin’s top is $220,000 if the sequence is followed. This seems to speak to the longevity and value proposition of BTC and a very good reason to accumulate and HODL.

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Cryptocurrency News Highlights: Week of August 25, 2019 - Crypto Trader News August 25, 2019 - 9:28 am

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