Bitcoin Rallies 5% To Clear Hurdles, Bulls Aiming $8K

Bitcoin price rallied more than 5% to clear the $7,500 resistance against the US Dollar.
The price is now trading in a positive zone and it could rise further above $7,700.
There is a short term breakout pattern forming with resistance near $7,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).
There could be a short term correction, but the price remains well bid above $7,500 and $7,460.Bitcoin price is showing signs of a bullish continuation above $7,500 against the US Dollar