Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

Key PointsBitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar.
There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels.Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 pivot area.