Bitcoin Price Watch: Break Above $3,700 Could Push BTC Higher

Key Points

Bitcoin price recovered recently and moved above the $3,500 resistance against the US Dollar. There is a key bearish trend line in place with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $3,590 and $3,650 resistance levels to gain bullish momentum.

Bitcoin price is facing a solid resistance near $3,600-3,700 against the US Dollar. BTC must move past the $3,700 pivot zone to accelerate gains towards $4,000.

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