This is the breakout that will lead us to $8,000. I think the market is going to witness a new era to bull movements. I was actually expecting the spike because the market has been over sold since weekend. Whoever did not invest now is likely won't have a chance to buy low for a longer time.
I wouldn't jump to any conclusions if I were you. what we had is just a small recovery, just like when a correction happens after a fast and big rise, this recovery is also because we have had a fast and huge drop.
there also isn't any signs of a bull market movement as of yet. we may or may not see $8000+ but until I see $9500 and the breakout above $10k I would say we are in a bear market.