Bitcoin Price Watch: BTC/USD Signaling Bullish Continuation Towards $6,700

Key PointsBitcoin price recovered nicely after forming a support base near $6,200 against the US Dollar.
There was a break above a key contracting triangle with resistance at $6,375 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair may perhaps continue to move higher towards the $6,570 and $6,750 resistance levels.Bitcoin price is signaling more gains above $6,550 against the US Dollar. BTC/USD could accelerate once buyers gain momentum above $6,550-6,600.
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