|

Bitcoin Price Analysis: BTC/USD bulls finally get the breakout targeting $8,000

  • Bitcoin forges the trajectory to $8,000 as technical levels align positively.
  • The price is above the moving averages resistance zones; $8,000 is nigh.

The weekend session in the crypto market was characterized by impressive action to the upside. Generally, cryptoassets corrected higher above the key support areas formed during the bearish previous week. Bitcoin, for instance, reacted from levels close to $6,500 to highs around $7,500. Similarly, the weekend action was kind to Bitcoin, as it allowed action above $7,600.

Meanwhile, Bitcoin price is teetering at $7,617 at the time of writing. It follows a 1.4% gain in value during the Asian session. Technical levels have aligned in support of higher movement towards $8,000.

The RSI has recovered significantly from the oversold levels at 22.22 last week to 77.77. As long as it sustains above 70, BTC could have the potential to close in on $8,000.

Due to the slightly overbought condition, Bitcoin could end up in a reversal in the near term. However, initial support is seen at $7,500 followed by the 100 SMA at 7,191 on the 4-hour chart and the 50 SMA at $7,064.

BTC/USD 4-hour chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.