Will Bitcoin Follow Fibonacci And Correct Back to $4,300?

There is no denying that Bitcoin has had an epic bull run over the weekend. It has rallied to new highs not seen for nine months and surged through several levels of resistance. Analysts are now expecting a pullback but how low will BTC go this time around?

Bitcoin had its first thousand dollar weekend since 2017 according to Bloomberg. After defying all expectations and remaining above $6,000 for the best part of last week BTC smashed through resistance at $6,400 and surged higher. By Sunday afternoon BTC had reached a new 2019 and nine month high of $7,500 according to coinmarketcap.com.

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