Bitcoin price broke out of a bottom consolidation overnight, jumping 11%, reclaiming the $8k handle ahead of the weekly close. We take a look at the price action as we head towards the weekly close. Bitcoin Price: 4-Hour Chart The 4-hour chart shows that bitcoin price broke from $7,247 to $7,980 in one hourly candle, smashing through and past the $7,878 level from which the 20% decline occurred at Bitstamp. This is particularly encouraging, onRead MoreThe post Bitcoin Price Analysis – $8.5K Now in Sight to End Bear Market appeared first on Bitcoinist.com.