PNT/BTC (Fib Strong Support?)

PNT/BTC

-The temporary top has been set at 13800 area
-The price has retraced -25% from the recent High
-We can see a strong reaction bounce at .5 Fib support
-This Fib area coincides with previous consolidation last July 20-22 trading
-If this is the local bottom for potential upside continuation
-PNT will likely rebound to test the 12000-13000 range in the coming days
-Provided Bitcoin and BTC Dominance will move sideways
-Which will give a breather for the Altcoins to recover from the dump