Bitcoin price is consolidating losses above $6,300 against the US Dollar. BTC/USD remains in downtrend and it could decline further below the $6,267 low.

Important points

  • Bitcoin is struggling to gain traction and is facing resistance near the $6,535 level.

  • BTC/USD is trading inside an expanding triangle with resistance at $6,550 on the 2-hours chart.

  • BTC price is likely to break the recent low at $6,267 to trade towards the $6,050 level.

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