Bitcoin Price Watch: BTC/USD Breaks $8,000, Next Target $8,500

Key Points Bitcoin price gained momentum and broke a key resistance at $8,000 against the US Dollar. There is a key connecting bullish trend line in place with support at $7,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct a few points, but it remains in an uptrend towards $8,500. Bitcoin price is climbing higher above $7,800 against the US Dollar. BTC/USD broke the $8,000 resistance and it looks set for more upsides in the near term. Bitcoin Price Analysis Yesterday, we…