Bitcoin Price Weekly Analysis: BTC/USD Decline Could Extend to $5,950

Key PointsBitcoin price is bleeding and it could extend its slide below the $6,100 level against the US Dollar.
There is a connecting bearish trend line in place with resistance at $6,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is clearly under pressure and it may perhaps slide to $6,000 and $5,950 in the near term.Bitcoin price recently broke the $6,214 swing low against the US Dollar. BTC/USD is likely to extend declines and it could spike below $6,000 if sel