Bitcoin Price Watch: BTC/USD Recovery Could be Limited

Key PointsBitcoin price found support near $6,620 after a major decline against the US Dollar.
Yesterday’s highlighted important bearish trend line was breached with resistance at $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently correcting higher towards a few important resistances such as $7,000 and $7,200.Bitcoin price is recovering from the $6,600 support area against the US Dollar. BTC/USD might correct further in the near term, but it could