Why Bitcoin Bulls Need To Be Cautious As Price Approaches $7.8K-8K

Bitcoin might be starting a strong bullish wave above $7,500 against the US Dollar. However, BTC bulls must be careful considering a cluster of resistances between $7,700 and $8,000.Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels against the US Dollar.
There are many hurdles on the upside, starting with $7,640 and up to $8,000.
There is a connecting bullish trend line forming with support near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).