Bitcoin (BTC) Price Trading Near Make-or-Break Levels

After a strong recovery, bitcoin price struggled to gain momentum above $12,000 against the US Dollar.
The price topped near the $12,050 level and recently corrected gains below $11,500.
There is a major bearish trend line forming with resistance near $11,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could either surpass $11,700 and $12,000 or decline further below the $10,800 support.Bitcoin price is facing a couple of strong resistances near $11,700 and $12,00