It looks like we are having a breakout from the descending broadening wedge due to the formation of a inverse head and shoulder in its 4 hour chart which I have not saw earlier. Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again. Remember that this breakout happened in its 4 hour chart which means it might take long for BTC to go back up that level. There is still a possibility that this bis a bull trap so BTC needs to stay above 8,350$ for a while in order to stabilize a support.