Genesis Top
$31.90
Genesis cycle peak touched the upper dynamic top ($31.90) and immediately crashed. Price never returned to this level again.
Double Peak
$1,177
Double peak structure: April peak reached near the local top ($259) and pulled back. The final Nov peak touched the major cycle top ($1,177) and rolled over.
Retail Frenzy
$19,764
Retail frenzy top touched the major cycle top ($19,764) on Dec 15. Once rejected, price entered a multi-year bear market.
Institutional Peak
$68,940
Double peak structure. The first peak in April 2021 touched the local top ($64.8k) and was rejected. The secondary peak in Nov ($69.0k) failed to reach it.
ETF Expansion
$126,200
The ETF launch drove an early local peak to the local top ($73.7k) in March 2024. The final cycle peak in Oct 2025 touched $126.2k, remaining under the upper decay limit.
Baseline Top Limit
~$128k
Fibonacci decay bounds the peak at the baseline. Price is projected to touch the baseline early, get rejected, and form the final top below it (around $128k).