As you can see from Bitcoin's 4-hour chart, January 20th to February 6th's pattern has been mirrored so far in the chart February 6th to today's. I'm not sure if history is going to repeat itself, but Bitcoin currently finds itself in a rising wedge. Our last two attempts to crack $12,000 have fallen short and we have failed to make higher highs. We have more support now that BTC has a longer chart history, so it may be difficult to get to $8,000, but it is certainly worth considering.