Bitcoin Price Retreats From $14K, Dips Remain Attractive

There were continuing gains in bitcoin price above the $13,000 resistance against the US Dollar.
The price traded close to the $14,000 level and later started a sharp bearish correction.
There is a key breakout pattern forming with resistance near $12,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to remain supported and it could climb higher once again above the $13,000 barrier.Bitcoin price is trading nicely above the $11,500 and $12,200 support levels