But the next mental barrier is $8500, we have a good attempt just a couple of days ago when bitcoin went as high as $8100-$8200 then went on a another correction around $7900-$8000 but it seems we have bounce back again. I hope that this time we can go and break $8500 and see if is going to be sustainable to $9K-$10K levels at the end of the month.
$8500 isn't really that hard to achieve IMO, seeing that we gained over $1000 in a span of a week. I'd rather say it's a form of a resistance level but certainly not a mental barrier. $20k remains to be the
real mental barrier as it is really hard to cross right now. Even in the previous bull run, we only fell short by $500 only for the price to crash so hard back to $13k then $6k.
Anyways, support levels seem to have established pretty decently in $7800 and $8000 respectively, with stronger $7000 support already in place if the bearish trend appear yet again. This is a good start: slowly climbing back up and establishing crucial supports. I hope this is not another bull trap since it will really be a bummer if it is.