Bitcoin Price Consolidates Above Key Level, Altcoins Rebound

Bitcoin Price Consolidates Above Key Level, Altcoins Rebound

This past week, bitcoin price climbed higher above the USD 8,500 resistance. BTC/USD tested the USD 8,800 resistance area and later trimmed most of its gains. The price is now (08:00 UTC) trading well below the USD 8,500 level and seems to be consolidating above the USD 8,200 support area.