Bitcoin Price Watch: BTC/USD Correcting Gains After Hitting $7,300 Target

Key PointsBitcoin price traded higher and moved above the $7,300 resistance area against the US Dollar.
There was a break below a key bullish trend line with support at $7,260 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to correct lower further as long as there is no close above the $7,300 resistance.Bitcoin price climbed further higher above $7,200 against the US Dollar. BTC/USD traded above the $7,300 target and it is currently correcting lower.
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