Bitcoin Price Watch: BTC Breaks $4K, More Gains Possible
Bitcoin price finally broke the $4,000 barrier and traded towards $4,100 against the US Dollar.
There was a break above a major bearish trend line with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently consolidating gains and dips towards $4,000 and $3,920 remain supported.Bitcoin price gained bullish momentum and cleared $4,000 against the US Dollar. BTC could correct a few points, but it is likely to resume uptrend above $4,100.
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