Bitcoin remains well-supported around the $8,000 level on Thursday, following a huge upside move towards the $8,500 level earlier this week. Bitcoin is starting to benefit from safe-haven demand as traders closely track tensions between Iran and the United States. BTCUSD could test towards the $8,800 level as long as bulls maintain the cryptocurrency above the $7,700 support level.
The BTCUSD pair is only bullish while trading above the $7,700 level, key resistance is located at the $8,500 and $8,800 levels.
If the BTCUSD pair trades under the $7,700 level, sellers may test towards the $7,500 and $7,300 support levels.
