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.
- 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.