We have broken my previous downtrend line for the better which is a great sign for bitcoin. Seems we have consolidated enough to see a positive breakout and have been holding over 8k for most of the week with some healthy drawbacks. On the daily we are in overbought conditions so i expect we see a little consolidation starting this week, but we have to hope the bullish trend continues. We are seeing some resistance at the 50 week moving average so this is the next hurdle we need to break over this around 8.3k and hold it by the weeks end. If this can be achieved then we aim for 10k to break the higher high which may not occur for a couple of weeks but with the volatility of Bitcoin its possible in a shorter time frame. The top bollinger band is around that area which tells me its in the realm of possibility.