Bitcoin (BTC) Price Consolidating Gains: Downside Thrust Before Higher

Bitcoin (BTC) Price Consolidating Gains: Downside Thrust Before Higher | NewsBTC

Bitcoin price started a decent upward move above the $8,500 level against the US Dollar. The price is trading with a positive tone above $8,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken).