We have not cracked the 200 day, price is like a rubber band, going past a certain level means nothing if price can't stay above it, in simple analysis trading terms, we need at least a daily candle to close above the 200ma, which never happened.

I honestly don't see us doing this, and I think we are heading back to 6k (I hope I am wrong), and here is why:



Nothing fancy, only the 200EMA on the daily, in the past, when we broke it we stayed below it for about a year, I don't see us getting out of this mess before Q3-Q4 this year.

As for difficulty, I expect us to keep rising slowly while price goes down, due to mainly S9s and the like leaving the network and getting replaced by more efficient gears from 55w/th and below, when the halving happens. a different story will be told.