Unlocking Bitcoin's Potential: Fibonacci Insights into Market Mean Price
The True Market Mean Price represents the on-chain average price of Bitcoin, excluding cryptocurrencies associated with mining. This indicator provides a clearer perspective on the true market price, serving as a fundamental reference for investors and analysts.

Recently, we introduced several Fibonacci sequence lines to identify new support and resistance levels for Bitcoin's price. In 2024, Bitcoin reached the level of True Market Mean Price x 1.854, a significant milestone that aligns with the historical peak of 2019 and the $69,000 peak in 2021. Historically, market euphoria has been triggered when Bitcoin surpasses extreme levels, which is reflected in the asset's performance.

However, it's important to note that, up to this point, Bitcoin has not only followed previous cycle patterns but also prevented many investors from realizing significant profits. A point of reflection on this dynamic is the Black Swan event in 2020, when Bitcoin broke the True Market Mean Price, hitting the level of True Market Mean Price / 1.854. If such a situation occurs again, the price of Bitcoin could approach $25,700.

On the other hand, if Bitcoin rises again towards historical euphoria levels, the projected targets are around $124,000 and $172,000. In this scenario, investors would be positioned to reap unimaginable profits, reflecting the asset's potential for appreciation in more favorable market conditions.

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