Bitcoin Price Watch: BTC/USD Primed for Gains

Key PointsBitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar.
This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now trading nicely above the $8,500 support and the 100 hourly simple moving average.Bitcoin price is following a bullish path above $8,600 against the US Dollar. BTC/USD has to move above $9,000 to accelerate gains in the near term.
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