Bitcoin Price Weekly Analysis – BTC/USD Primed for Gains

Key PointsBitcoin price rocketed higher and moved above a major resistance at $8,500 against the US Dollar.
There is a connecting bullish trend line forming with support at $8,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is currently consolidating above $8,600 and it primed for more gains in the near term.Bitcoin price is back in a bullish trend above $8,000 against the US Dollar. BTC/USD will most likely extend gains above $9,000 in the near term.
Bitcoin Price