Bitcoin approaching $8,200: what traders are saying

With Bitcoin unexpectedly rising 3.5% in a matter of minutes, many traders and analysts have shared their thoughts and predictions on what Bitcoin might do next and how far this price spike will take us.
Bitcoin approaching $8,200: what traders are saying
Josh Rager, a prominent crypto trader shared his thoughts on Bitcoin’s price action. He notes that while Bitcoin has broken its two-week resistance and currently testing $8,200, its currently facing resistance at the top of the channel. If it can break through, however, Rager sees BTC going to $8,550 and beyond.
Price Action

Bitcoin just broke above previous 2-week resistance

Testing the $8200s but currently is being held down at the top of the channel

If can break this channel, it's heading to at least $8550 with eyes on $8700 and above
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Similarly, analyst Jesse Feinberg, also known as Darth Crypto, has tweeted that he’s 77% confident we’ll see Bitcoin go to $10,000 before $7,000. Similar to Rager’s prediction, one user commented on Feinberg's tweet, stating that if BTC can cross $8,300 it will be a straight shot to $10,000.
Twitter user Dr. Squeeze tweeted that while Bitcoin is showing some nice movement, we won’t be out of the woods until it breaks through $8,400.
Lady luck smiles upon me.
Some nice small movement here.
But we're still not completely out of the woods yet until we break $8400.
Will be holding my LONG.
See Dr. Squeeze [LTC]'s other Tweets
Crypto trader going by the Twitter handle Tradermayne suggested that the region of $8,400 - $8,500 is an area with “a lot of important s/r confluence,” and that anything above that might “get picante.”
looks kinda pumpy? $8400-$8500 is an area with a lot of important s/r confluence for me. Above there things could get picante.

Croatia is beautiful, off to Split now!
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Overall, crypto Twitter is certainly bullish on Bitcoin’s prospects:
at critical resistance here

Break out or back down to test $7,500 - I'm 60/40 (bearish/bullish) here

Either way, be prepared to take advantage of either move and plan your reaction ahead of time.
View image on Twitter

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