Bitcoin Price Watch: BTC/USD Poised for More Gains

Key PointsBitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar.
There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The BTC/USD pair is currently consolidating gains near $7,500 and it is poised to extend upsides.Bitcoin price climbed above the $7,500 level against the US Dollar. BTC/USD may correct a few points, but it remains in an uptrend above $7,120.
Bitcoin Price Anal