Since Bitcoin broke through the $8k barrier earlier this month it has started to consolidate forming a range bound channel. The correction that so many had predicted did not last long and quickly rebounded back to $8k on Sunday. Now analysts are looking towards a higher move to $9k before any measurable pullback occurs.
Bitcoin has done very little over the past 24 hours. It reached an intraday high of $8,060 a few hours ago but has largely been consolidating just below $8k. Since Sunday’s pump back to currently levels BTC has been relatively quiet but that could all be about to change.