Bitcoin (BTC) Price Uptrend Intact Despite Recent Corrective Decrease

Bitcoin price rallied to a new 9-month high towards $7,500 before correcting lower against the US Dollar.
The price declined below the $7,000 support level, but it found strong bids near $6,750.
There is a new connecting bullish trend line forming with support at $6,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently in an uptrend and it is likely to climb back above $7,200 and $7,250.Bitcoin price corrected sharply from $7,500 against the US Dollar. BTC t