As you can see, Bitcoin moved above the declining trendline(A). As noted by 1 and 2, Bitcoin formed a higher low. If Bitcoin takes out #3 high, it will confirm the uptrend. At this point, all I can say is Bitcoin is trying to get back to the uptrend. In other words, Bitcoin is not completely out of the woods yet. I don't know BTC will retest 8K, but if it fails to take out #3 high, we may see BTC to go back near #2 low(9300).