Bitcoin price traded above the $6,550 level recently against the US Dollar. BTC/USD traded as high as $6,585 before correcting back to the $6,380 support.

Important points

  • Bitcoin is currently correcting lower after hitting the weekly high at $6,585.

  • BTC/USD broke a short-term ascending channel with support at $6,510 on the 2-hours chart.

  • BTC price must stay above the $6,380 support to bounce back towards $6,600 and $6,650.

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