Bitcoin Price Watch: BTC/USD’s Upsides Capped By $6,580

Key PointsBitcoin price declined further, broke the $6,400 support, and traded as low as $6,318 against the US Dollar.
There are two bearish trend lines in place with resistance at $6,520 and $6,580 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to face a strong resistance near the $6,580 level if there is an upside correction.Bitcoin price extended declines towards the $6,275 level against the US Dollar. BTC/USD may perhaps correct higher, but it won’t