Bitcoin is bouncing off the bottom bullish trendline formed since April 2019 and the price is slowly moving upward. The RSI has not been this oversold since 10/24/19 when BTC bulled from $7,500 to $10,500. Because of both of these factors, I believe bears are exhausted and I expect a major rally upward in the next 24-48 hours, eventually bringing us up to retest the top of the triangle formation at about $9,500.