Bitcoin had a rough dip this morning, breaking below a critical sloping support and falling from 59k to 56k. By drawing a Fibonacci retracement from a local low to a local high we can see that the 54k level looks like a likely area for a bounce. Because of all the consolidation bitcoin has been having at the 55-60k level I'm predicting the next bull leg will be relatively explosive and should bring us close to 68k.