Higher but not running away
The technicals in bitcoin are looking a bit more supportive.
Looking at the hourly chart the price has traded most of the day above the 100 hour MA (blue line in the chart above). That MA comes in at $8396 currently.
The next target is the topside trend line connecting highs from Feb 4 and Saturday's high. That trend line comes in at $8926 currently (and moving lower)
Over the weekend, the price moved higher and away from the MA lines but fell below the line on Sunday. Today, is the up day (or at least so far). However, the momentum is lower as the market consolidates.
Helping the bias - at least a little - is the price has closed above the 200 day MA (currently at $8112.68 on Coinbase) the last 5 trading days (and is above today). If that MA were broken with a close below, it would shift the bias more negative.
