Based on drawn fibonacci, we experienced 6529 as a strong support. Already we had some resistance and support lines in 8,500 range. As you can see price is converging to 6,529 range price. Volatility
decreased significantly in prior month (Sep). So I think one thing is inevitable here ! and that's 4.9k Dollar bitcoin
. Each fibonacci level played major role in BTC
historical data price. so here we get to level 0.5 which played as a resistance for bitcoin
almost a year ago (13 months to be precise!). After that we got 0.618 level which is GOLDEN ratio after all !! that level sets on 3,284$ and looks some impossible target to reach.
So yeah ! Fibonacci calling bitcoin