Bitcoin price broke down and cleared a major support near the $6,000 level against the US Dollar. Yesterday’s highlighted declining channel with support at $5,950 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now well below the $6,000 support and the 100 hourly simple moving average. Bitcoin price moved into a bearish zone below $6,000 against the US Dollar. BTC/USD may perhaps extend its slide towards the $5,650 level in the near term. Bitcoin Price Analysis After trading in a key range above the $6,000 level, bitcoin price faced sellers against the US Dollar. The BTC/USD ... (full story)