Bitcoin Price Watch: BTC/USD Facing Major Resistance Near $4,150

Key Points

Bitcoin price declined further below $3,900 and traded towards the $3,750 level against the US Dollar. There are two important bearish trend lines in place with resistance near $4,080 and $4,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a lot of offers near the $4,100-4,150 resistance area in the near term.

Bitcoin price declined towards the $3,750 level against the US Dollar. BTC/USD is recovering, but it could find a strong...

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