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Bitcoin Price Analysis: BTC/USD bulls gunning for big $8000 return

  • Bitcoin price is trading in negative territory, down 0.50% in the second half of the session. 
  • BTC/USD bulls are running at seven straight days in the green, as the move higher continues. 
  • The next major barrier is viewable at the psychological $8000 mark. 

BTC/USD daily chart

Bitcoin bulls completed another session in the green, marking seven consecutive, with no slowdown in sight. Eyes are now on the big $8000 price mark. 

BTC/USD 60-minute chart

A critical near-term trend line can be seen supporting the price in its move north via the 60-minute chart view. 

 

Spot rate:                 7741.60

Relative change:     -0.60%

High:                        7795.83

Low:                         7672.18

 

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