Bitcoin (BTC) Price Consolidating Gains: Downside Thrust Before Higher

Bitcoin price started a decent upward move above the $8,500 level against the US Dollar.
The price is trading with a positive tone above $8,600 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support at $8,640 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently consolidating and it could soon climb above the $8,800 resistance.Bitcoin price is currently trading in a range above $8,600 against the US Dollar. BTC could sta