In the past few sessions, there was a slow and steady rise in bitcoin price above the USD 7,700 and USD 7,800 levels. BTC/USD touched the USD 8,000 level on a couple of occasions, but it failed to gain momentum. At the moment, the price is trading in a range below USD 8,000 and it seems like there could be an upside break in the near term. Altcoins are also gaining pace and they might correct high