This is just a quick hit chart to show the importance of this KEY Fib level. While we have several other $Alts making new ATH's and even $ETH with a massive move yesterday, the Granddaddy of Crypto still needs to win this battle for a further push across the entire crypto space. The positive news for the bears is the oscillators still look constructive. It should also be noted that the longer we stay OVER the 200MA, the more the Bulls can remain confident that the next move will be theirs to have.
JT