It id bullish rise but not will start a bull run like the one in 2017, it can easily go back to $6000 after going up to $10.000 or $12.000 .
if the trend is reversed and the rising starts (not just a jump to $12k in one day but a solid rise that takes longer) then the lows also increase meaning after rising back up to $8k if a drop happens it won't be down to previous low ($5700) it will instead be higher. then when $9k breaks the low will grow higher again and again...
in other words after reaching $12k since it is after the major resistance at $10k it will become nearly impossible to go back down to $6k
That's how it works, higher lows forma bullish pattern. There are many bullish pattern to look for starting from high breakout volumes, and ending with the long term trendline being broken. For now we have managed to break that sharp downward trendline that we were following since May 6 and come close to the long term bearish trendline that's right below 8k at the moment. If we break this one it's the moon again, or at least 10k.