Bitcoin has started to stabilize around the $8,000 level after the number one cryptocurrency found strong weekly technical resistance from just above the $8,300 level. The strong bullish sentiment surrounding the BTCUSD pair remains in place while price trades above the $7,600 level. If bulls break above the $8,300 level the $8,500 level offers strong resistance prior to the $8,800 level.
The BTCUSD pair is bullish while trading above the $7,600 level, key intraday resistance is found at the $8,300 and $8,500 levels.
If the BTCUSD pair trades under the $7,600 level, sellers may test towards the $7,300 and $7,000 support levels.