Bitcoin Price Watch: BTC/USD’s Upside Drift, Reversal And Tether’s Decline

Key PointsBitcoin price rallied above the $6,600 and $6,700 resistances and later reversed gains against the US Dollar.
There was a break above a major bearish trend line with resistance at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Tether (USDT) pairs rallied above the $7,000 and $7,500, but later trimmed most of its gains.Bitcoin price broke the $6,700 resistance, but it failed to hold gains against the US Dollar. BTC/USD is back to $6,400 and it is currently under