Using the last high as a fib anchor to the low we have a few data points to consider.
A long period of time with price around the .236 area. If this is validation then targets till end of year for a bull move are in white.
Also, this move is currently at 50% retracement just under $300. The recent pump was just a test of pattern.
However, I will not be...
Using these fibs BSV retraced exactly at the overbought 4.618 level of this move. Price has found support at 2.618 around $280. Breaking this level brings in fibs 1.618 and 1.0 which are $208 and $155 respectively.
The previous ATH at ~$250 should also offer support.
Typically in a fast run like this price will bounce between the major fibs during consolidation...
Many TA traders are sticking to the Supermoon theory using log charts and trends.
One such chart is from the very popular masterluc presented here:
At this time, I disagree this is possible for BTC. As price advances the impact $1,000 makes on the chart lessens. Law of diminishing...
Drew the Mayer Multiple on TradingView. I won't post a link to URL because I think that's against TV rules but you can google for it.
It's basically the price / 200DMA to get an idea of price relative to price history to identify buy/sell opportunities.