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Bulls Awake as BTC/USD zooms above $8,400

Bitcoin is currently changing hands at $8,432 amid s building bullish momentum.
The correction above $8,450 could encourage the bulls to increase their positions and send Bitcoin above 8,500.

Bitcoin end week rally is likely connected to Fundstrat latest prediction. An analyst from the firm says that Bitcoin had great potential for an upwards move towards $9,000. The prediction came at a time when Bitcoin was stuck in a tight range between $7,500 and $8,100.

BTC/USD 1-hour chart
Chart source: Tradingview

The price crash on June 4 found support marginally above $7,400 before giving way for correction above $7,800. Eventually, Bitcoin extended the gains above $8,000 but struggled with resistance resulting in another drop under $8,000. New support at $7,800 sparked…

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