Bitcoin Price Weekly Analysis – BTC/USD Correction Underway

Key Points
Bitcoin price after a nasty upside ride above the $17,000 level found sellers against the US Dollar.
There is a key bullish trend line forming with support at $13,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
The pair is currently correcting lower and it might extend decline towards the $12,000 level in the near term.
Bitcoin price surged above $17,000 against the US Dollar. BTC/USD is currently under a correction mode and it might test the $12,000 level.
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