Bitcoin Price Weekly Analysis: BTC/USD Remains In Downtrend Below $4,500

Key PointsBitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar.
There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to struggle to break the $4,320, $4,400, $4,500 and $4,590 resistance levels.Bitcoin price is slowly recovering above $4,000 against the US Dollar. However, BTC/USD remains in a downtrend as long as it is below the $4,500 resistance.
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