Bitcoin Price Watch: BTC/USD Testing Crucial Support

Key PointsBitcoin price started a downside correction after trading as high as $6,849 against the US Dollar.
There is a major bullish trend line formed with support near $6,560 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair should stay above the $6,550 support and the 100 hourly simple moving average to remain in an uptrend.Bitcoin price declined after it failed to break the $6,850 level against the US Dollar. BTC/USD is currently trading near a major support area at $