Bitcoin Price Watch: BTC Rebound Reaching Crucial Juncture

Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar.
This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is now approaching a few important resistances, including $3,475, $3,500 and $3,516.Bitcoin price recovered nicely from the $3,340 swing low against the US Dollar. However, BTC price is still below a few key hurdles near the $3,4