Bitcoin price plunge after reaching 58000 USD clearly relates with Fibonacci numbers again. This time, the number is “8”.
The chart below is BTCUSD weekly chart.
Drawing Fibonacci retracement from Mar,2020 which is the beginning of this long upward trend, it clearly shows that price plunged after reaching the level “8”. Though it is not Fibonacci ratio,...
![BTCUSD.P: [BTCUSD]Bitcoin price plunged after reaching Fibonacci number 8](https://s3.tradingview.com/t/TXTmCoh9_mid.png "[BTCUSD]Bitcoin price plunged after reaching Fibonacci number 8")
