Bitcoin is currently trading in the range of $8,000 to $8,500, while having a bounce off the $8,000 and rejecting off the $8,500 level. Despite certain positive fundamentals for the Crypto market, Bitcoin are not making big bullish gains for the time being. The dynamic support area is being squeezed right now to keep the bullish bias going, so impulsive bullish breakout above $8,500 is needed in the coming days. As for the current scenario, the price is currently quite bearish in nature inside the range, whereas a breakout above $8,500 is the ultimate need. A breakout above $8,500 and later above $9,000 will strengthen the bullish momentum with a target towards $10,000 in the short term. As the price remains above $8,000 area with a daily close, the bullish bias is expected to continue further.
