Bitcoin Price Watch: BTC/USD Trading Near Major Inflection Point

Key PointsBitcoin price declined further and traded below the $6,440 support against the US Dollar.
Yesterday’s highlighted key bullish trend line with support at $6,445 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price tested the next important support at $6,375 and later started consolidating losses.Bitcoin price failed to stay above the $6,440 support against the US Dollar. BTC/USD is currently consolidating above the $6,375 support with bearish mov