Bitcoin Price Watch: BTC/USD Slowly Grinding Higher Towards $6,700

Key PointsBitcoin price is forming a support base above the $6,350 and is currently moving higher against the US Dollar.
There is a short-term contracting triangle forming with resistance near $6,610 level on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must stay above the $6,420 and $6,350 support levels to move higher.Bitcoin price is gaining pace above the $6,400 level against the US Dollar. BTC/USD is likely to rise in the near term above the $6,620 level.
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