Bitcoin Price Watch: BTC/USD Buyers Aim $4,950 In Short Term

Key PointsBitcoin price is slowly recovering and it is currently placed above $4,400 against the US Dollar.
There was a break above a short term contracting triangle with resistance at $4,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price may perhaps continue to rise towards the $4,760 and $4,934 levels in the near term.Bitcoin price is forming a decent support above $4,400 against the US Dollar. BTC/USD is likely to recover towards $4,934 in the short term.
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