Bitcoin Price Weekly Analysis: BTC Sellers In Control Below $3,600

Key PointsBitcoin price extended losses below the $4,000 and $3,600 supports against the US Dollar.
There is a significant bearish trend line formed with resistance at $3,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is currently consolidating losses above $3,200, with resistances near $3,500 and $3,600.Bitcoin price is in a major downtrend below $4,000 against the US Dollar. BTC/USD may continue to struggle to recover above the $3,600-3,700 resistance zone.
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