There was a break above a major bearish trend line with resistance at $7,610 on the 4-hours chart of the BTC/USD pair. The pair is now trading above the $7,738.27 pivot level and it looks set for more gains in the near term.
Looking at the chart, the price has to break the $7,700 and $7,830 resistance levels to trade further higher. On the flip side, if there is a downside correction, the broken resistances at $7,500 and $7,400 are likely to act as supports.
This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative information .