SUMMARY
For the first time this year there has been real excitement around Bitcoin as price was able to push above the $8,000 level. This is a very important psychological for Bitcoin and it is crucial price finds support at this level if we want to see this bullish momentum continue. Price was able to break through the trendline that has been intact for quiet sometime now, could this be the start of a very good period for Crypto Currencies?
Bitcoin has experienced large market manipulations over the previous week, being the predominant cause of this significant movement. Although there could be a major sell off due to "whales" reaching their target price, we could still see prices run higher if price is able to find support at the $8,000 level. It could be likely that we see a minor push higher before witnessing a slight pullback to the $8,000 level to test this region and see if price can find support here.
