BTC Price Analysis: Upside Momentum Rockets Toward $8,000 As Bitcoin Pre-Halving Sentiment Drives Investor Confidence Positively


*Upside momentum rockets toward $8,000 for BTC/USD Bulls
*Over the past 24 hours, the crypto market’s total capitalization has risen about $5 billion
*The pre-halving sentiment drives investors’ optimism positively

BTC/USD is increasing in value at $7,557, both daily and from the start of the day, in a green zone. From the beginning of the day, the first digital coin consolidated beyond $7,000; moreover, the further upside is still not capped. The next strong obstacle is at $7,700 along the $8,000 pathway.

Intraday bias is bullish as Bitcoin continues holding beyond the level of $7,500 resistance turned support, after a strong recovery past the level of $7,700 on Thursday. BTC/USD bulls may have to push price back beyond the resistance level of $7,700 to attract traders to continue buying the cryptocurrency at $8,000.

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