Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

Key PointsBitcoin price gained momentum and settled above $7,200 against the US Dollar.
There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to make the next move either above $7,600 or below $7,240 in the near term.Bitcoin price is placed nicely in an uptrend above $7,000 against the US Dollar. BTC/USD is eyeing the next break either above $7,600 or below $7,240.
Bitcoin Price Range Pattern
This p