Bitcoin Price Watch: BTC/USD Could Correct Lower To $6,400

Key PointsBitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar.
There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely forming a double top pattern near the $6,600 resistance.Bitcoin price gained traction above $6,450 and tested $6,600 against the US Dollar. BTC/USD is currently struggling to clear $6,600 and it may correct lower in the short term.
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