Bitcoin (BTC) Price Nears Possible Short Term Bottom At $6.5K

Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar.
The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400.
There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The bulls are likely to take a stand near the main $6,500 support (the medium term outlook bearish target).Bitcoin price is approaching the key $6,500 support are