Bitcoin Price Surged Higher – Will Sustain Toward $8500?

Bitcoin price rose more than 10 per cent and broke above the key resistance $7500. Bitcoin price surged to $7700 area, will sustain towards $8500? What are the charts and technical indicators are saying? Read more to find further insights into today’s BTC/USD Technical Analysis.

BTC is currently trading around $7550 area and trying to climb further. Bitcoin broke above the dynamic levels, as well as the Kumo Cloud on the daily chart. As per the current scenario, BTC price action is quite impulsive and non-volatile may sustain further in the coming days.

Bitcoin price recovered from the lowest level $3932 to $7700 against the U.S. Dollar. Moreover, BTC price surges above crucial levels in the past few days and maintain the price above $6000. Besides, the entire crypto market meets an unusual upward move today that was driven by Bitcoin sharp upward movement to highs $7700 during the Asian session. This up move led other major’s altcoins to climb higher, with the overall market strength sustain to grow. Furthermore, Ethereum (ETH/USD) gained 3.96% to $188.19, and Ripple (XRPUSD) up by 4.49% to $0.1956.

Source: atozmarkets.com