Bitcoin Price Watch: BTC/USD Primed To Test $3,000

Key PointsBitcoin price declined further and broke the $3,550 and $3,420 support levels against the US Dollar.
There is a major bearish trend line formed with resistance at $3,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to decline further and it may even test the $3,000 level in the near term.Bitcoin price declined heavily below $3,550 against the US Dollar. BTC/USD remains in a downtrend and it could even trade towards $3,000 or $2,800.
Bitcoin Price