BTCUSD $8,000 major resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has broken through the $7,000 resistance level , with the number one cryptocurrency by market capitalization gaining nearly twenty percent since it moved above the $6,000 level. The $7,500 level offers strong technical resistance, although the $8,000 level is seen as formidable weekly resistance. The strong move higher hasnow created a large inverted head and shoulders on the daily time frame.

The BTCUSD pair is bullish while trading above the $6,500 level, key intraday resistance is found at the $7,500 and $8,000 levels.
If the BTCUSD pair trades under the $6,500 level, sellers may test towards the $6,300 and $6,000 support levels.
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