Seems as though a 0.5 level fib holds strongly.
Bitcoin went on about 230%+ increase in this bull run and only retraced at most 33%. And the overall trend of the market is still very bullish.
I believe this is a strong bull market coming on.
bearish Head and shoulder formation.
Fib at 0.382 ($14,423.38) broke. Second resistance at 0.236 ($16,420.00)
if zone: ($16,783.65 - $16,198.11) breaks I expect a bullish rally upto ATH of $19,000+ in New Year.
Failing to break at ($16,783.65 - $16,198.11) I expect a pull back to zones 0.5 ($12,809.68) and second support at 0.618 ($11,195.98).