After having made an incredible move from around $7,400 to $8,400 in the short span of about 5hrs, BTC is sitting at around $8,200 at the time of this writing.
As you can see on the chart, BTC has pierced the top like of the (when it reached the $8,400), but failed to stay above. Additionally, you can see resistance BTC is trying to move above the $8,300 resistance that has developed over the past few days.
Lastly, you can see that in case bitcoin fails to move up, there is an imminent possibility of a death cross coming up on the next 3-5 days, which would be en extremely indicator.
If you are going long here, I think it is a good idea to put a stop loss just below the resistance of $7,800 because BTC may not be totally on the clear just yet.
***This is just my opinion, not financial advise. Please do your own research before buying or selling your coins/tokens***