Today is the first time the day BTCUSD chart has a green candle with a higher high than the previous red candle's since the beginning of January! Look and see for yourself...
If it breaks the resistance of the upper trend line (roughly equating to breaking out above the $12.5k to $13.5k price range) I will be confident that BTC is on it's next big bull run to new all time highs. If the BTC price rises at least as much as the same amount it did on it's last run beginning in early 2017 (approximately $19k), we can expect new all time high prices to reach $8k (currently the lowest low in the downtrend) + $19k = $27k.
I am not a financial advisor or professional of any sort, so I do not offer any financial or investing advice. But I can say that today's green candle is significant and I would adjust my investing and trading strategies accordingly. When BTC goes (and stays) down, the whole crypto market goes down with it. Despite it not being the best technology, it still remains the most trusted, widely held and traded/"used" coin out right now. I wonder about how the market caps of the alts will change during significant BTC uptrends. And it's also important to consider the stock market took a major hit after a long bull run. Potentially many investors who did not initially jump into crypto are more comfortable now, particularly because of Robin Hood's promise of an equity and crypto exchange platform. How will this change the crypto price scape over the next year?
It's time to tune out the noise, re-read some information about chart patterns and let the market do what it does. This could potentially be the beginning to the next big elevator ride up. If it is, I'd hate to have had weak hands this past week.