Bitcoin Price Watch: BTC/USD’s Bounce From Lows Looks Real

Key PointsBitcoin price declined and retested the $6,200 support before recovering sharply against the US Dollar.
There was a break above a major bearish trend line with resistance at $6,275 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price may correct a few points, but it could find support near the $6,290 or $6,245 level.Bitcoin price is holding gains above $6,290 against the US Dollar. BTC/USD could climb further higher towards the $6,355 and $6,385 resistance levels.