Bitcoin price revisited the key $7,500 support area against the US Dollar, where the bulls emerged.
The price recovered recently above $7,800, but it is facing a strong resistance near the $8,000 level.
There was a break above a major bearish trend line with resistance at $7,865 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The pair is currently struggling to clear the $8,000 resistance and the 55 SMA (4-hours).

New RAT Targeting Cryptocurrencies Discovered by Zscaler ThreatLabz
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Zscaler ThreatLabZ analysts have managed to locate a unique type of trojan that overwhelmingly seems to target cryptocurrencies. In last week’s blog post, analysts from the cyber security firm reveal that they managed to identify a new remote-access trojan (RAT). This new RAT is able to capture the administrative control of the infected computer and […]

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Bitcoin price is trading above the main $7,500 support area against the US Dollar. BTC is facing a strong resistance near $8,000, above which it could continue to rise in the near term.
Bitcoin Price Analysis
Recently, bitcoin price declined below the $8,200 and $8,000 support levels against the US Dollar. The BTC/USD pair even broke the $7,750 support area. There was a close below the $8,000 level and the 55 simple moving average (4-hours). It opened the doors for more losses and the price tested the main support area near the $7,500 level. A swing low was formed at $7,427 before the price started an upside correction.
It broke the $7,800 level and the 23.6% Fib retracement level of the downward move from the $8,850 swing high to $7,427 low. Moreover, there was a break above a major bearish trend line with resistance at $7,865 on the 4-hours chart of the BTC/USD pair. The pair even broke the $8,000 level and $8,100. However, the upward move failed to gain pace above $8,140. The 50% Fib retracement level of the downward move from the $8,850 swing high to $7,427 low also acted as a resistance.
It seems like the $8,000 level is acting as a strong resistance. Moreover, the 55 simple moving average (4-hours) is also preventing gains near $7,950. If there is a successful break above the 55 simple moving average (4-hours) and the $8,000 level, the price could continue to rise. Conversely, if the price continues to struggle near $8,000, there could be a fresh decline. An immediate support is at $7,760, below which the price could move back in a bearish zone. The main support is at $7,500, below which the price could move towards the $7,000 level.

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The post Tennessee To Be Home To U.S.’s Longest Pedestrian Suspension Bridge appeared first on W88.

Looking at the chart, bitcoin price is clearly struggling to clear the 55 simple moving average (4-hours) and $8,000. As long as there is no close above $8,000, the price might continue to struggle in the coming sessions.
Technical indicators
4 hour MACD – The MACD is losing momentum in the bullish zone.
4 hour RSI (Relative Strength Index) – The RSI is currently moving lower towards the 40 level, with a bearish angle.
Key Support Levels – $7,650 and $7,500.
Key Resistance Levels – $8,000, $8,150 and $8,300.
The post Bitcoin Price Analysis: BTC Facing Uphill Task Near $8,000 appeared first on Live Bitcoin News.

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What’s going to happen in North Carolina’s 9th Congressional District? That’s a question currently without an answer. Republican Mark Harris was initially declared the winner, but after allegations of election fraud cast doubt on the integrity of the vote, the next steps remain uncertain. With The Washington Post now reporting that Harris personally directed the […]

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