Bitcoin Price Watch: BTC/USD Could Recover Further

Key PointsBitcoin price started an upward correction from the $6,131 low against the US Dollar.
There was a break above a major bearish trend line with resistance at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could move further above the $6,600 level if buyers remain in action in the near term.Bitcoin price is showing recovery signs above the $6,400 level against the US Dollar. BTC/USD may perhaps continue to recover towards the $7,000 level.
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