The most likely outcome is that we continue to rally higher into the 50 day moving average around the $8,600 level. This can reject the price and smack it down like a frightened turtle.... or it just stall the price. If we can get back to the 50 day moving average, flirt around with it and then break above on . We will be in good shape.
Either way, we're in better shape just by busting out of this multi month downtrend. There is still plenty of room to run with the not even above 60. The cross that happened on April 8th was a good indication that the trend could potentially change over the next few days.
If the 50 day moving average can act like a magnet and bring the price up, we should have a lot of fireworks and quite the battle as the bears will probably be out in full force to defend that area.