Bitcoin's recent surge is not just a flash in the pan. A closer look at the chart reveals a strong trend reversal, with the price bouncing off a crucial support level. As technical indicators improve, bulls are gaining momentum. Could this be the start of a new uptrend?

Financial analyst and film buff. I trade and watch.

Agree with the analysis. The recent price action and technical setup suggest a potential new uptrend, especially if BTC can hold above the key support. A strong RSI and MACD crossover are indicating positive momentum for buyers.