BTCUSD : Will Bitcoin fall again?

Hello friends.

Notice the chart.
If the price breaks the 0.786 Fibonacci retracement line, we can say that the bitcoin free fall is certain.
Psychologically, even this fall can be below 3200.

Thanks for your attention.

Comment:

According to the chart above, bitcoin has fallen to Fib 78.6% at 6717 and is currently in the range.

If the price falls below the 6717 range and stabilizes, the bit will reach its weakest support, the 5800, which is likely to be unsupported and will eventually fall to the December 15, 2018 rate of 3156.

Thanks for your attention.

Comment:

It was a little bit delayed. But it happened !!!!!