05-11-2018 10:28 via newsbtc.com

Bitcoin Price Watch: BTC/USD Turned Bullish Above $6,400

Key PointsBitcoin price surged higher recently and broke the $6,350 and $6,375 resistances against the US Dollar.
There was a break above a major contracting triangle with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price traded towards the $6,475 level and it is currently correcting lower.Bitcoin price moved into a bullish zone above $6,375 against the US Dollar. BTC/USD is correcting lower, but it is likely to find support near $6,380 or $6,375.
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