Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar.
The price declined below the $3,860 support area and tested the $3,620 support zone.
There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports.Bitcoin price started consolidating losses below $3,860 against the U