Bitcoin Price Watch: BTC/USD Preparing for Next Upside Wave

Key PointsBitcoin price recently dipped and then rallied above the $6,400 level against the US Dollar.
There was a break above two bearish trend lines with resistance at $6,320 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently correcting lower, but it remains supported near the $6,320-00 zone.Bitcoin price is positioned in the positive zone above $6,300 against the US Dollar. BTC/USD could move back higher towards $6,500 in the near term.
Bitcoin Price Analys