Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

Key PointsBitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar.
There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is under pressure below $3,800 and it could even break the $3,500 support level.Bitcoin price tumbled more than 15% and broke the $3,800 support against the US Dollar. BTC/USD could accelerate declines towards the $3,500 level.
Bitcoin Price Analysis
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