Bitcoin Price Watch: BTC/USD Targets New Weekly High

Key PointsBitcoin price surged higher and broke the $6,540-50 resistance area against the US Dollar.
Yesterday’s highlighted important bearish trend line was breached with resistance at $6,495 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now placed well above the $6,580 pivot level and it could accelerate towards $6,840.Bitcoin price is gaining traction above $6,640 against the US Dollar. BTC/USD is likely to move further higher towards $6,840 and $6,880 if