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Right now, it feels like everyone is fleeing the crypto world and rushing into the US stock market.
One day, these people will return from the US stocks and head back into the crypto space.
The daily chart trend is almost stabilizing; if it can hold steady above the weekly upward trend, going higher is not impossible.
The 4-hour timeframe currently shows a very strong bullish trend, but it has encountered significant resistance at the 8-week level.
Six months ago, everyone was watching the 200,000 level; now, they are looking at 40,000.
Could there be a surprise that it simply can't fall further?