Bitcoin has broken out of it's channel it's been forming the past few days. A lot of volume came in during the break of the channel signalling bullish movement. Bitcoin is forming a small bull flag on the hourly chart. The MacD is still pointing upwards. RSI is almost crossing the 30% on the daily. If bitcoin can break to the upper side of this bull flag. I expect this to break the 4100 resistance and rally to 4500 and possibly even 5k. I do not expect bitcoin to stay that high and eventually break back to the low 4k's or high 3k's. But if this break out has lots of volume coming in, this would be great sign that the bottom is near.