08-09-2019 06:08 via newsbtc.com

Bitcoin (BTC) Price Weekly Forecast: Downside Thrust Before Fresh Rise?

There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar.
The price is currently correcting lower after it traded to a new monthly high close to $11,000.
There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
There could be a downside correction towards the $10,100 support area before a fresh increase.Bitcoin price is trading with a bullish bias above $10,000 against the US Dollar.
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