Bitcoin Price Weekly Analysis – BTC/USD Bullish above $15,500

Key PointsBitcoin price is recovering and is currently placed nicely above the $15,000 level against the US Dollar.
There was a break above a key bearish trend line with resistance at $14,100 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
On the downside, there is a connecting bullish trend line forming with support at $15,800 on the same chart.Bitcoin price is moving positively from $12,500 low against the US Dollar. BTC/USD is currently eyeing more gains as long as above $15,800.
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