Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely

Key PointsBitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar.
There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair may perhaps correct higher in the short term towards the $3,320 or $3,380 resistance.Bitcoin price is forming a short term base near $3,120 against the US Dollar. BTC/USD is likely to test the $3,380-3,400 resistance zone before decl