Bitcoin - Can bulls reach fast $8,500 as they achieved $8,000?

The cryptocurrency continues to move within the ascending channel. Moving averages are directed upwards and the distance between them increases, which indicates the presence of a bullish trend and the strength of this trend.

Bitcoin has neglected technical indicators showing bearish tendencies in our recent scenario and struck above $8,000.
It is important to understand that until the level of support has been broken, it is too early to talk about the completion of the model and the beginning of the development of decline. The cancellation of the scenario will be a breakdown of the level of $9,195, in this case, we should expect continued growth above $10,000.

At the moment there is a potential for the formation of the head and shoulders reversal pattern. Within this figure, we can expect a test of $8,450.