Bitcoin Price Watch: BTC/USD Struggling Near $8,500

Key PointsBitcoin price found support above $8,000 and recovered nicely against the US Dollar.
There is a breakout pattern forming with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair has to move above the $8,500 resistance the 100 hourly simple moving average to gain momentum.Bitcoin price is struggling to break the $8,500 resistance against the US Dollar. BTC/USD may trade in a range above $8,200 before the next move.
Bitcoin Price Analysis
Afte