8K at least shows that it is not going to fade away, there is demand for bitcoin and it will continue to rise. The next barrier to breach is at 10k, once it goes past that figure there is no going back. Better get some 8k bitcoins!
The fact that we have tested that region twice after that break out is a good start, but no need to be over happy for now, and sure it is good to see that happening, but we still have some pretty huge ones ahead of us.
The question now is are we going to be consolidating for a while, are we going to fail and fall back lower or are we going to be heading up from here probably after consolidating ? These are the questions we are expecting some answers to in the next few days, weeks or even months as the case may be.
Support is actually precisely at 7800. We have had a huge bounce from that spot and I was actually surprised. It seems the market really want to go break some huge resistance walls but the bears still do not want to take that chance yet, with that support at that spot, we can as well just believe that the market may have to move sideways for the main time before we start seeing the possibility of any uptrend. I guess it is time to even start accumulating the more.