The Bitcoin price struggled to keep up its 2024 momentum in the first quarter of 2025, crumbling under the macroeconomic uncertainty in the United States. While the crypto market looked set to continue its woes in early April, prices are looking to reclaim their cycle highs — thanks to the improving market climate.
The relevant indicator here is the Golden Multiplier Ratio, which is useful primarily in tracking cyclical price behavior and identifying important price levels. This technical analysis tool applies Fibonacci-based multipliers to the 350-day moving average (350DMA) to identify potential price tops and bottoms.
The $159,000 level, on the other hand, correlates with the 2x multiplier of the 350DMA and has historically signaled the cycle tops in the BTC market. However, the Bitcoin price would need to successfully breach the mid-cycle top if there is to be a chance of a rally towards the $159,000 level.
In the end, Kesmeci noted that the Golden Multiplier Ratio is based on moving averages, and, as a result, the highlighted levels are subject to changes as the Bitcoin price moves in the coming days.
As of this writing, the value of BTC is hovering around $103,275, with no significant price movement in the past 24 hours.
