BTC has been in consolidation for the last three days, after BTC reached all time high on Wednesday and hit the $8,375 (The upper trend line, the BTC has been within since Mid-September). RSI is moving in a downtrend channel and has been in touch with the upper trend line for the last three days too. If current consolidation does not result a strong move to the upside confirmed by large trading volume. A price correction is anticipated. Potential supports areas are $7,310 and $6350-$6,400. A daily close above $6,550 will bring bulls back to the play.
