For last 6- 7 months btc price was around of 7.5k$ , now this support level is no longer, that mean btc is ready to dump hard.
Fortunately, we are not able to reach this level again and yeah the price goes up and we start the up trend but this should last longer so the interest of the investors will stay. We are so tired for the bear, now have a better chance to go up again, lets not lose this chance again.
After breaking the falling wedge finally bitcoin have a high chance togo back to its alltime high I dont think if bitcoin will be back to $5k level since we are near to 2020 halving and peopl including investors are so tired to this bear market.