Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

Key PointsBitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar.
There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair may perhaps continue to move down towards the $6,120 support area in the near term.Bitcoin price decline extended below the $6,400 support against the US Dollar. BTC/USD may correct higher, but it could face sellers near $6,340 and $6,380.