Bitcoin Bulls Wake Up to Attempt Breaking $7,800 Resistance

Despite best efforts from stubborn bulls over the weekend, the bears have decidedly won the battle on the first half of Monday, subduing the price to as low as USD 7,525 in the past 24 hours. In the middle of Central Europe markets, it is trading just below the key resistance level of USD 7,800, which has held well for the past 24 hours (12:00 UTC, CoinDesk).

However, as Europe winds up and North America takes over, most analysts will predict a surge back up towards that level, although it would be a surprise if the 8,000 mark is broken before tomorrow. Indeed, it would appear some are already waking up, as the past 15 minutes have seen a remarkable surge.

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