Bitcoin Price Watch: BTC’s Correction Could Extend To $3,500

Key PointsBitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar.
There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently trading below the $3,850 support and it could decline further towards $3,500.Bitcoin price started a downside correction below $4,000 against the US Dollar. BTC might continue to move down towards the $3,600 or $3,500 suppo