Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300

Key PointsBitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar.
There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is currently at a risk of more losses below the $6,300 support area in the near term.Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control.
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