Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally - 4 BTC News
Bitcoin price rallied towards the $ 3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $ 3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $ 3,550 or $ 3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $ 3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. Bitcoin Price Analysis In the weekly analysis, we