Bitcoin Price Watch: BTC/USD’s Trend Overwhelmingly Bullish

Key Points Bitcoin price surged higher and broke a crucial resistance near $6,380 against the US Dollar. There is a new key bullish trend line forming with support at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently correcting lower, but it is likely to find support near $6,640 and $6,600. Bitcoin price surged above $6,700 against the US Dollar. BTC/USD is now placed in an uptrend with supports near $6,600 and $6,540 on the downside. Bitcoin Price Analysis Bitcoin price…

Bitcoin Price Watch: BTC/USD Trend Overwhelmingly Bearish

Key Points Bitcoin price declined further and broke a key support at USD 6,300 against the US Dollar. There was a break below a contracting triangle with support at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently under pressure and it remains at a risk of more losses below $6,200. Bitcoin price dropped significantly below $6,300 against the US Dollar. BTC/USD is accelerating losses towards the next supports at $6,100 and $6,050. Bitcoin Price Analysis Bitcoin price started a short-term correction…