Bitcoin Price Watch: BTC/USD Looks Set To Gain Pace Below $4,000

Key PointsBitcoin price started a major downside move after it failed to break the $4,600 resistance against the US Dollar.
There is a new bearish trend line in place with resistance at $4,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently in a bearish zone and it could accelerate losses below the $4,000 level in the near term.Bitcoin price failed to recover further above $4,700 and declined against the US Dollar. BTC/USD could accelerate declines below t