Since Bitcoin broke through the $8k barrier earlier this month it has started to consolidate forming a range bound channel. The correction that so many had predicted did not last long and quickly rebounded back to $8k on Sunday. Now analysts are looking towards a higher move to $9k before any measurable pullback occurs. Bitcoin has done very little over the past 24 hours. It reached an intraday high of $8,060 a few hours agoRead MoreThe post Bitcoin Consolidates – Can BTC Push Above $9k Before a 30% Pullback? appeared first on Bitcoinist.com.