Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Upside

Key PointsBitcoin price traded above the $3,900 resistance and later corrected lower against the US Dollar.
There is a short term contracting triangle formed with support at $3,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price could extend the current correction towards the $3,580 support before a fresh upward move.Bitcoin price traded further above $3,900 before correcting lower against the US Dollar. BTC might test the $3,580 support where buyers are likely to emer