Bitcoin Price Prepares to Test $8K After Bull Breather

[Crypto]

https://www.coindesk.com/bitcoin-prepares-to-test-8k-after-bull-breather/

Bitcoin's (BTC) minor price pullback yesterday has likely recharged the bulls for a rally towards $8,000, technical charts indicate.

The leading cryptocurrency has spent a better part of the last 15 hours trading in the $7,240–$7,440 range, having clocked a 40-day high of $7,588 at 18:00 UTC yesterday.

Moreover, BTC was looking overbought at multi-week highs, hence a minor correction was expected.

More importantly, the price pullback and the subsequent consolidation, when viewed against the backdrop of the high volume inverse head-and-shoulders breakout, indicate that BTC has likely gathered steam for a more sustainable rally towards $8,000.

At press time, BTC is changing hands at $7,400 on Bitfinex – up 0.2 percent on a 24-hour basis.

Back on track? Can expect the go cross 9K this month end?

[Tramirostronix]

I don't think it will be the beginning of a new bull run right now ... but I hope we will hit 8k

[sugarchrisp]

Yeah, summer blues will be hurting the market for another month or so most likely, but you never know.  The bull run starts when it breaks 8k.