Bitcoin Price Weekly Analysis: BTC/USD Could Accelerate Gains

Key Points Bitcoin price is trading with bullish moves above the $7,000 level against the US Dollar. There was a break above a major bearish trend line with resistance at $7,610 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is now facing another important barrier near the $7,700 level and the 100 simple moving average (4-hours).

Bitcoin price is trading nicely above the $7,400 pivot against the US Dollar. BTC/USD could accelerate gains once it breaks the $7,700...

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