Bitcoin Technical  Analysis: BTC/USD enjoyed an extended breakout to the upside from a bull flag, $8000 in sights

• Bitcoin price seen up a  healthily over 4% on Monday, as it extends recent run.  
• BTC/USD broke out to the upside from a bull flag pattern, that was initially containing the north momentum.  
• In just over a week now, Bitcoin has gained over 25%.

BTC/USD 60-minute chart

Spot rate:                    7701.0

Relative change:         +4.09%

High:                           7820.0

Low:                            7374.0

Trend:                        Bullish

Support 1:                  7655.0, (support on 60-minute chart).  

.

Support 2:                  7534.2, On top of bull flag pattern.  

Support 3:                  7499.8, 50MA.

Resistance  1:             7751.8, (resistance on 60-minute chart).

Resistance 2:             7820.0, today’s (Monday) high.

Resistance 3:             8000.0,  psychological  resistance.