Is Bitcoin starting to show signs of a long-term trend reversal?

After almost a year of corrective price action, I’m starting to see some interesting changes in the daily trend.

A trend model I use has just generated a new bullish signal, with BTC also trading back above the 200-day moving average.

Obviously one signal doesn’t confirm a new bull trend, but I think this is an interesting area to watch.

Curious what everyone else is seeing — early trend reversal or another relief rally?