Bitcoin price unexpectedly touched $ 8000

On the night of January 7, quotes of the first cryptocurrency in less than 4 hours rose from a level of about $ 7,500 to almost $ 8,000.

Crypto trader Big Cheds noted the formation of an inverted head and shoulders pattern on the bitcoin price chart.In his opinion, for further growth, the cryptocurrency should stay above the $7600 level for several hours.

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At the time of writing, the price of bitcoin is $ 7,864 (CoinGecko data).

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CryptoBirb, a popular analyst on Twitter, drew attention to the importance of testing the $7800 level with digital gold.A breakout of the upper border of the descending wedge pattern may trigger a parabolic trend, according tohe.

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However, for this, Bitcoin will have to overcome key resistance levels by approximately $ 9,000 and $ 10,000.

CoinDesk Markets analyst Omkar Godbow also pointed out the importance of the $ 7870 mark for a bullish reversal.

Earlier, technical analysts noted that the quotes of the first cryptocurrency as a whole are in a downtrend and are still far from a full-fledged reversal.