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Bitcoin Price Watch: BTC/USD Primed For Losses | BitcoinLinux
Contents hide 1 Key Points 2 Bitcoin Price Analysis Key Points Bitcoin price failed to hold an important support at $6,550 and declined sharply against the US Dollar. There was a break below a key bullish trend line with support at $6,580 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating near the $6,300 level and it remains at a risk of more declines. Bitcoin price tumbled sharply below $6,550 against the US Dollar. BTC/USD may correct a few points, but later it could resume its decline below $6,300 in the