Bitcoin Price Watch: BTC/USD Approaching Key Break

Key PointsBitcoin price found support near the $6,620 level and recovered well against the US Dollar.
There is a key contracting triangle formed with support at $6,700 and resistance near $6,780 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely approaching the next break either above $6,800 or below $6,650 in the near term.Bitcoin price is placed nicely above the $6,650 level against the US Dollar. BTC/USD may soon make the next move (likely higher above $6,800)