BTCUSD has been consolidating above the 100% point from YTD low during the last two months. Seemingly, the pair is now getting ready to probe the sub $9k area as a failure-test. If offers dry up as price dips beyond that range, which is expected to happen if the failure-test occurs, the price action is likely to wick that area and proceed higher as a result. It seems reasonable to be looking for limit buy setups in the $8.7k area.
