Bitcoin (BTC) Price Primed for Gains Until Bears Break $5,000

Bitcoin price remains in a solid uptrend above the $5,070 and $5,000 supports against the US Dollar.
The price is currently correcting lower, but it remains well supported above the $5,000 level.
There is a crucial ascending channel forming with support at $5,075 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dip a few points towards $5,070 before it starts a fresh increase towards $5,360.Bitcoin price is currently correcting lower below $5,251 against the US Do