We broke through the long term down channel for the first time in over a year. There is a good chance the next move is significantly higher, though we may stay sideways for a while/grind incrementally higher until a breakout occurs. ~$4500 will be the first major price target (Bitfinex)
I'm not traying to be a jerk, but you didn't draw that trend line right, and we have NOT broken it yet, I can assure you. If you draw it correctly, we wouldn't hit it going sideways until beginning of April.