Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860

Bitcoin price started a downside correction after trading above $4,080 against the US Dollar.
There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to find bids near $3,940 and $3,900 for a fresh upward move in the near term.Bitcoin price corrected lower below $4,000 against the US Dollar. BTC is now trading above the $3,940 and $3,900 support levels and it could bounce back.
Bitcoin Price Analysis