Bitcoin Price Watch: BTC Breaks $4,000, Trend Overwhelmingly Bullish

Key PointsBitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar.
Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently consolidating gains above $3,770 and it may continue to rise in the near term.Bitcoin price broke the key $4,000 resistance and later corrected lower against the US Dollar. BTC is in an uptrend and dips remain supported near $3,85