Bitcoin Price Weekly Analysis – BTC/USD To Recover above $15,000

Key PointsBitcoin price traded lower this past week and tested the $12,600 support against the US Dollar.
There was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
The price has to break the $14,500 level and the 100 simple moving average to gain upside momentum.Bitcoin price is stable above the $12,600 against the US Dollar. BTC/USD could soon gain momentum above $14,500 to move past $15,000 in the near term.
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