Bitcoin Price Watch: BTC Basing For Next Bullish Wave Above $4K

Key PointsBitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar.
There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely basing for a fresh upward move above the $3,900 and $4,000 resistance levels.Bitcoin price found support near the $3,680 level against the US Dollar. BTC might soon start a fresh bullish wave above the $4,000 resistance.
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