The 400-day decline in Bitcoin has finally broken.

This may be an excellent indication of things to come.

Over a year, or more precisely more than 400 days, Bitcoin has been in a downturn.

However, as bitcoin just emerged from that downturn, I should say "had" rather than "has."

Look at it:

Such a break in the downtrend is typically followed by a significant move in the other direction.

In other words, now that the downturn has ended, bitcoin is likely to go through a prolonged period of bullishness.

Prior to further significant advances, there is frequently a retreat to the downtrend line.

Which would entail a brief return to the trendline depicted above before moving higher than the impulse that caused the downtrend line to be broken.