Fib Levels for Bulls to watch on the way back to ATH. Ultimately the market will be expecting a "return to normal" / dead cat / bull trap and so this might be self fulfilling. Any meaningful increase in price has to be analysed against the potential downside risk as a result until we are in the clear. I would consider a meaningful move above $52k as a sign bullish sentiment is back. Despite this, the movements in alts have shown retail confidence still exists, so we should hopefully see a positive response to the current painted bottom of $30k.