Bitcoin Price Weekly Analysis: BTC Rebound Approaching Crucial Resistance

Bitcoin price formed a support base near $3,370 and recovered higher above $3,450 against the US Dollar.
There was a break above a major contracting triangle with resistance at $3,440 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair seems to be approaching a couple of important resistances near $3,500 and $3,510.Bitcoin price is slowly moving higher with positive signs against the US Dollar. However, BTC/USD is now approaching a significant hurdle near the $3,500 resis