Bitcoin Breaks Key Support But Buyers Could Protect $4.9K-$5.0K

Bitcoin price climbed further higher and broke the $5,400 resistance level against the US Dollar.
The price traded to a new multi-month high at $5,461 before correcting lower sharply.
This week’s followed important ascending channel was breached with support at $5,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair settled below $5,240 and it may extend the current decline towards $5,070 or $4,960.Bitcoin price traded to a new yearly high and recently corrected l