"Price is currently testing support. If it doesn't hold, we could experience a quick panic drop like the previous ones(in red). If it does end up holding, and we break the downwards trend-line, we will probably experience another strong bull run."
So you tell us that BTC can go up but it can also go down? 
I think if it breaks support around $9000, it will go down a bit more and next support will be ~$8000if it bounces back, it will go up as high as $10k+ and will try to pass resistance level at $10500
and there's a chance to keep going up to $12000 and even higher