Bitcoin (BTC) Price Remains Vulnerable Below $4,000

Bitcoin price rebounded nicely from the $3,875 support area against the US Dollar.
The price traded above the $3,950 level, but it seems to be struggling near the $4,000 resistance.
There is a major bearish trend line in place with resistance at $4,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains at a risk of a fresh drop as long as it is below the $4,000 and $4,040 resistance.Bitcoin price is facing a significant resistance near $4,000 against the US Dollar