Bitcoin Price Weekly Analysis: BTC Trading Near Make-or-Break Levels

Bitcoin price is trading nicely above the $3,500 support area against the US Dollar.
There is a major ascending channel formed with resistance at $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair needs to surpass the $3,650 and $3,720 resistance levels to gain bullish momentum in the near term.Bitcoin price made a few bullish breakout attempts, but it failed against the US Dollar. BTC/USD must stay above $3,500 and $3,480 to avoid a downside break in the coming d