Bitcoin Price Rallies 5.5% to $8K — Is $8.2K the Next Stop?MARKET UPDATE

Bitcoin Price Rallies 5.5% to $8K — Is $8.2K the Next Stop? Bitcoin price rallied 5.5% to cross above the $7.6K resistance, briefly gaining above $8K and leading traders to call for a trend reversal. 10982 249 2:50 On Monday during the U.S. evening trading session, Bitcoin (BTC) price continued its rally from $7,358 and at the time of writing the price pushed as high as $8,000. For the past week, traders have been closely watching to see if Bitcoin could flip $7,450 from a resistance to support and many suggested that sustained move above $7,600 would open the door for a shot at the $8,000 to $8,200 range. The 4-hour close above $7,600 pulled the price above the 50-day moving average (MA) and provided bulls with enough confidence to push the Bitcoin to set a daily higher high not seen since Nov. 21 when the asset traded for $8,122.