Bitcoin (BTC) Price Eyeing Another Leg Higher To $8,500

Bitcoin price is showing positive signs and is holding the $8,100 support area against the US Dollar.
The price is likely to surpass the $8,280 and $8,300 resistance levels to continue higher.
There is a short term declining channel or bullish flag pattern forming with resistance near $8,255 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to gain strength if it settles above the $8,300 resistance zone.Bitcoin price is attempting another upward move above $8,