I surmise Bitcoin developed a new channel after the huge growth in price when we initially hit the 4k mark, nearly doubling. At that point Bitcoin became truly relevant to a larger audience. This created a new channel which is shown in the chart. Bitcoin broke that channel in the euphoria phase. The resistance of the channel slowed Bitcoins progression and that...
Triple bottom is a good indicator of a bullish reversal pattern. Everything else pointed out are corroborating factors. Couple that with a New moon happening tonight I'm going long on Bitcoin and with that the rest of the Alt market