Bitcoin Price Watch: BTC/USD Bearish Below $7,000

Key PointsBitcoin price fell sharply and declined below a major support area at $7,000 against the US Dollar.
There is a major bearish trend line formed with resistance at $6,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair may perhaps correct a few points higher, but it could face sellers near $6,900 and $7,000.Bitcoin price declined heavily below $7,000 against the US Dollar. If BTC/USD corrects higher, it may perhaps find a lot of hurdles on the upside.
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