I want to re-emphasize that $40,000 is a very important resistance level for Bitcoin (and, in turn, just about all other assets, from stocks to oil to kitty litter). This is the “animal spirits” at work, and we are very, very close to that level now.
I would also add that, quite obviously, crypto as a whole would fall if BTC fell, and by looking at such well-formed patterns as Solana, I’d say the setup is rather compelling.
