Bitcoin and altcoins are rebounding after recent declines, indicating potential trend reversals. The total market value is at $2.19 trillion, testing short-term support and facing resistance at $2.285 trillion. Despite a downtrend since March 14, increasing momentum suggests a challenge to resistance soon. Technical indicators, like the daily RSI, show bullish divergence, and social indicators reveal declining sentiment, often signaling market bottoming. Additionally, a drop in Bitcoin's social volume alongside record BTC holdings by whales suggests bullish divergence. Regulatory developments, such as India reopening to offshore exchanges and US actions, also impact market sentiment.