Bullish Breakout?!

Bitcoin has since been in a falling wedge pattern with lower highs and lower lows established for what has been about 6-7 months starting in June. It appears we have confirmed a breakout from the top descending resistance now flipped support. If we continue to hold above it, I would not be surprised to see BTC at around 12600 in the short to mid term, especially, if the cup and handle formation I'm looking at on the smaller time frame has infact broken out to test the 10k range.