Bitcoin Price Watch: BTC/USD Forms Double Bottom Near $6,360

Key PointsBitcoin price declined recently and tested the $6,350-60 support area against the US Dollar.
There is a major bearish trend line formed with resistance at $6,410 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely forming a double bottom pattern near the $6,350-60 support area.Bitcoin price bounced back sharply from $6,360 against the US Dollar. BTC/USD could accelerate higher once there is a break above the $6,410 resistance.
Bitcoin Price Analysis
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