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Long

Bitcoin (BTC) to consolidate in the mid-$8k levels

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After closing below $8k for the first time since June this year, the BTC/USD pair started trading on Monday, October 7 with a huge green candle. It gained 4.5 percent and moved up to $8,200, but not before hitting the $7,760 mark – right at our projected bottom of the downward correction.
On Tuesday, October 8, the coin broke above $8,300, but bulls were not able to hold to that level. They made a step back and closed the day at $8,175.
The mid-week session on October 9 was quite positive for bulls and bitcoin continued to rise. It closed at $8,596 with a 5 percent of increase.

Expecting a confirmation of $8,300 and another visit of that level before testing $9,000

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