Bitcoin price is n a positive zone and recently climbed above the $8,500 level against the US Dollar.
The price is gaining momentum and it seems like it could even trade towards the $8,800 level.
There is a major bullish trend line forming with support near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip a few points, but it remains well bid above the $8,460 pivot level.
Bitcoin price extended gains above the $8,500 resistance against the US Dollar. BTC is showing a lot of bullish signs and it could make an attempt to surpass $8,800 in the near term.