BTC/USD Technical Analysis: Bitcoin fails to gather momentum

• Bitcoin trades 3.72% higher but has failed to hit 8K.
• The next support is at 7,637.50 and the market is moving closer.

BTC/USD 30-Minute Chart

Bitcoin has made a decent move off the lows seen on 25th November.

The market has consistently made higher lows and higher highs and the next wave high stands at 7,868.08.

There has also been a nice channel formation on the chart too but the price is quite far away from the low.

There could still be an attack on the 8K level as we head into the Asian session.

Additional Levels