Bitcoin Price Watch: BTC/USD Breaks Key Support

Key PointsBitcoin price failed to recover above the $6,750 and $6,800 resistance levels against the US Dollar.
There is a key bearish trend line formed with resistance at $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair traded below the $6,500 support, which is a bearish sign in the near term.Bitcoin price declined further below $6,500 against the US Dollar. BTC/USD could recover a few points, but upsides are likely to be capped by the $6,700 and $6,800 levels.
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