Bitcoin Price Watch: BTC/USD Could Surpass $7,000

Key PointsBitcoin price formed a support base above $6,300 and recovered higher against the US Dollar.
There was a break above yesterday’s highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now placed nicely above the $6,500 resistance level, which is a positive sign.Bitcoin price jumped above the $6,500 barrier against the US Dollar. BTC/USD may continue to gain upside momentum above the $6,800 leve