Bitcoin Price Watch: BTC/USD’s Next Leg Lower Likely

Key PointsBitcoin price is currently consolidating losses above the $6,240 support against the US Dollar.
There is a major bearish flag forming with resistance at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains at a risk of more losses below the $6,240 and $6,200 support levels.Bitcoin price is under pressure below $6,300 against the US Dollar. BTC/USD is likely preparing for the next downside break below $6,202.
Bitcoin Price Analysis
Yesterday, we saw