Bitcoin Price Watch: BTC/USD Recovery Facing Crucial Hurdle

Key PointsBitcoin price declined below $4,000 and $3,600 before buyers appeared against the US Dollar.
There is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price must break the $4,000 and $4,080 resistance to climb higher in the near term.Bitcoin price nosedived below $4,000 and $3,800 against the US Dollar. BTC/USD is currently recovering, but the $4,000 barrier is now acting as a resistance.
Bitcoin Price An