Bitcoin (BTC) Price Watch: Upside Break Inevitable Above $3,900

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Bitcoin price is trading nicely above the $3,825 and $3,800 support levels against the US Dollar.The price is likely positioning for an upside break above the $3,880 and $3,900 resistance levels.Yesterday’s highlighted important bearish trend line is in place with resistance at $3,860 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could surge higher once it clears the $3,860 resistance and the 100 hourly SMA.Bitcoin price is setting up for the next key break against the US Dollar. BTC could either rally above $3,900 or decline below the $3,800 support in the coming sessions.Bitcoin Price AnalysisAfter a sharp drop, bitcoin price found support near the $3,800 level against the US Dollar. The BTC/USD pair traded as low as $3,801 and later started a decent rebound. It traded above the $3,825 and $3,830 resistance levels to move into a short term positive zone. There was a…

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