Bitcoin price prediction: BTC/USD consolidates ahead of a looming rally – Confluence Detector

Bitcoin price prediction: BTC/USD consolidates ahead of a looming rally – Confluence Detector

Bitcoin’s impressive rally stalls above $8,700 on the SEC’s rejection of a BTC ETF. Bitcoin is strongly supported while a move above $8,600 is likely to give way for gains towards $9,000. Bitcoin is trading above $8,500 on Thursday after retreating from highs above $8,700.