Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored

Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar.
The price declined sharply below $3,950, but dips remained supported above $3,900.
There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair remains well supported on dips near the $3,920 level and the 100 simple moving average (4-hours).Bitcoin price is still in a strong uptrend despite recent bearish moves ag