Bitcoin Rally Pauses But Not Likely Over, Bulls Aim $8K

Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar.
The price is showing positive signs it seems like the bulls aim another test of $7,500.
There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is sighting an upside break above the $7,420 and $7,500 resistance levels.Bitcoin price is gaining bullish momentum against the US Dollar. BTC is likely to accelerate higher on