[img](https://www.newsbtc.com/2019/05/25/bitcoin-btc-price-bulls-target-fresh-high/) Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and it may continue to rise towards $8,300 an 8,500 in the near term. [read more](https://www.newsbtc.com/2019/05/25/bitcoin-btc-price-bulls-target-fresh-high/)