Bitcoin Faces Healthy Consolidation, Can The Bulls Pick Up Momentum Again?

Bitcoin Faces Healthy Consolidation, Can The Bulls Pick Up Momentum Again?

Bitcoin price has been facing some healthy consolidation after quite a significant bull run up to $9198 and it is now testing the 26-period EMA as a support line. The bulls have been able to bounce from it already as Bitcoin is currently trading at $8454 down from $8238 where the EMA is located at.