BITCOIN: Trendlines Broken!

Ideas
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Hello guys, big news on Bitcoin today! For all the TA fans out there:

Finally, here we are! For the first time in this downtrend - almost 3 years now, Bitcoin has finally broken both the descending trend lines. We’ve managed to close the monthly candle above $10900 and it seems that from now on, we’re on uncharted territory. Of course, there are still a couple of important resistance levels ahead, like the 0.786 Fibonacci retracement and the previous high, at ~$13200; but I believe that the worst has passed.

Below is the BTC/USD Monthly Chart:

btc_ monthly
btc_ monthly1920×1080 129 KB

What do you guys thinks? Is this the beginning of a new bullish cycle?

Thanks,

Aezakmi

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I hope so, we are a bit late on the calendar ^^ This coronavirus has made his things.
Thanks for the sharing !

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Mass adoption is approaching crypto currency have come to stay forever expect btc to hit 19k plus before end of year

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Yep soon we see 12500 in couple of days, 15k on wk

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I am thinking more than that. It might go between 25 to 50k. WOW! Some of my coins are ready to harvest. Lol. There’s no harm dreaming of a brand new car. Forget the Lambho not yet ripe for it. @Nobertp

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The posibility is there anything can happen ,crypto currency is just another economic safe heaven after covid 19