BTC approaching the first fib since breaking ATH @ 83,500.
Should expect some resistance at this level, keeping a close eye on the 2 moves that could occur:
- As BTC hits the fib it could chop sideways for a bit to cool down, I would like to see altcoins catch up while bitcoin is chopping and this for me is the bullish scenario.
-The second option would be if BTC rejects of the fib, in which case I could see it falling to around the $77,500 level which I would like to see hold. Altcoins would suffer a setback if this happens.
Overall the bias is still very bullish.