Bitcoin Scarcity/Halving Cycles
This chart spreads Fibonacci ratios across each of BTC’s block reward halving cycles, beginning at the genesis block and projecting out to 2024. Price high tends to fall near the 38.2% (green). 61.8% of each cycle corresponds to capitulation (white). 78.6% through each cycle veins the ascending triangle that breaks out going into the halving (red). 23.6% (cyan) marks the beginning of exponential rise above previous ATH. Zoom in and look around to find other patterns, such as the lengthening of the ascending triangles (probably due to traders anticipating the halving events).
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