Bitcoin Price Weekly Analysis: BTC / USD Nosedives below $ 3,800

### Legal Disclaimer: I am not a financial consultant nor any material presented in this article as financial advice. The information provided in this blog post and any other posts I do and any content material is for informational purposes only. It should not be considered any kind of financial or investment advice. Someone should consult a financial or investment professional to determine what might be best for your personal needs. Plain English: It's just my opinion, make what you want. What does this mean? This means that it is not advisable, nor is it recommended to buy or sell something! It is for use only as informational or entertainment purposes only.  This bitcoin price was significantly lower than the US dollar and was trading below $ 4,000 and $ 3,800. BTC / USD pair has a major recession trend line formed with resistance at $ 4,200 on the 4 hour chart. (This is a data feed from Kraken) Its pair is under $ 3,800 and it can also break the $ 3,500 support level. This bitcoin price fell by more than 15% and broke the support of $ 3,800 against the US dollar. This can accelerate the decline of BTC / USD $ 3,500 level. CURRENT BITCOIN PRICE  Bitcoin value analysis; in the past week, the bitcoin price was slightly lower than the $ 4,300 level, compared to the US dollar. However, the BTC / USD pair failed to gain traction above $ 4,400 and $ 4,500 resistance. As a result, there was a sharp negative step and the price decreased with the support of $ 4,000. These prices have fallen by more than 12% and currently it is trading below $ 3,800 and below the average of 100 hours running average of 100 hours. Its new year was made at a low $ 3,620 and it seems that the current decline is not over. These final swings were less than $ 3,678 before these prices started reversal. This has increased from $ 4,340 to $ 3,678 above the recent 23.6% FB retracement level. However, these bounce moves were covered by a level of $ 4,000. These prices had recently increased from $ 4,340 to $ 3,678 for 50% of the drop in the Fib Retracement level. In the end, these prices declined again and the $ 3,678 swing decreased. Its new bottom was made below $ 3,650 and it seems that more damage can occur. Its next main support is close to $ 3,500, which can be worth $ 3,200. ### [It is looking at technical indicators: For BTC / USD 4 hours MACD has been kept in the recession area. 4 hours in RSI 'Relative Strength Index' - these RSI is currently below 20 levels. Its main support level - $ 3,500 and its major resistance level - $ 4,000]