Bitcoin Price Watch: BTC/USD Could Tumble Below $6,250

Key PointsBitcoin price extended losses and traded to a new weekly low at $6,261 against the US Dollar.
There is a major bearish trend line in place with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is at a risk of more declines below the $6,275 and $6,260 support levels in the near term.Bitcoin price is currently in a downtrend below $6,350 against the US Dollar. BTC/USD could tumble once there is a break and close below the $6,250 support.
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