In this chart i plot FIB & on value of 0,1,55 & checking previous history & do same on current market situation, so when we plot on 1st bull market 1st run-up till bear market bottom we get on 55 level of FIB price of $300/- around,so when we plot on 2nd bull market 1st run-up till bear market bottom we get on 55 level of FIB price of $18,000/- around,Now if this senarios still repeat & market cap of #BITCOIN goes in trillion market cap, then according to this when we plot on 1st run-up till bear market bottom we get on 55 level of FIB price of $5,70,000/- around, many people think this is crazy & also see that market cycles are got shorter with time, but #BITCOIN never achived in past a market cap of $8-10 trillion so this is possible... & also if you see marekt volumen it goes down since many year means a major move is remain...
BUT i will update new charts with time & more data to get more acuurate value in future.....
You meant 57,000?
Or 5,700?
Thank you!