Bitcoin Lacks Direction after Weekend Gains; Correction Incoming?

Bitcoin was trading in positive territory on Monday to uphold gains it made during this weekend.
The benchmark cryptocurrency surged by 0.07 percent to trade near $8,230 as of 1140 UTC. At its session high, it was trading at $8,301.85, which was 4.37 percent higher than Friday’s closing point. The upside came as a part of technical correction after bitcoin tested $7,800 as support. More ideally, the cryptocurrency tested the lower trendline of the sideways channel, wherein it is trending s