Bitcoin Just Reversed and Its Vulnerable To A Drop Towards $5,200

Bitcoin is down more than 5% and it broke the $6,000 support against the US Dollar. BTC price is now showing bearish signs and it could continue to move down.Bitcoin started a fresh decline after it failed to clear the $6,500 resistance against the US Dollar.
The price is now trading below the $6,200 and $6,000 support levels.
There is a key contracting triangle forming with support near $5,780 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either decline sharply