- Bitcoin price traded further higher and broke the $6,515 resistance area against the US Dollar.
- There was a break above a key contracting triangle with resistance at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The price is likely to accelerate gains above the $6,550 and $6,600 levels in the near term.
Bitcoin price is placed nicely above the $6,480 support against the US Dollar. BTC/USD is likely to grind higher towards the $6,700 level in the near term.
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