Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk

Key PointsBitcoin price recovered recently, but it failed to move above the $16,400 resistance against the US Dollar.
There is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
The pair recently broke a connecting bullish trend line at $13,500 and made a downside move.Bitcoin price is currently under pressure below $15,000 against the US Dollar. BTC/USD remains at a risk of more declines in the near term.
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