Bitcoin Price Watch: BTC Approaching Next Significant Break

Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar.
There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price may soon make the next move either above $3,650 or below $3,540 in the near term.Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could trigger bullish moves towards $3,720 and $3,800.
Bitcoin Price