Bitcoin Price Analysis: BTC/USD must break and hold above $8000 for greater bull action
|- Bitcoin price is trading in positive territory, up 6.80% in the second half of the session.
- BTC/USD bulls are enjoying a consecutive run to the upside, smashing key barriers; $7000 and $7500.
- A break back above $8000 has restored much buyer confidence.
BTC/USD daily chart
A consistent run of gains is being observed by the bulls, with $8000 providing the gateway to greater gains, with $10,000 in sight.
BTC/USD 60-minute chart
A strong wave of momentum has been seen thanks to a narrowing 60-minute range break.
Spot rate: 8304.50
Relative change: +6.80%
High: 8350.30
Low: 7721.43
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