Bitcoin Price Watch: BTC/USD Breaks Key Resistance, Dips Remain Supported

Key PointsBitcoin price gained bullish momentum and surged above the $6,480 and $6,550 resistances against the US Dollar.Yesterday’s highlighted key bearish trend line was breached with resistance near $6,475 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair traded above the $6,900 and is currently correcting lower towards key supports.Bitcoin price broke key resistance at $6,550 against the US Dollar. BTC/USD is back in a bullish zone with a close above the $6,620 high.Bitcoin Price AnalysisYesterday, we discussed a few important hurdles near $6,550 in bitcoin price against the US Dollar. The BTC/USD pair traded in a range above the $6,400 level and later surged higher. The price started an upward move and cleared the $6,480 and $6,550 resistance levels. Moreover, there was a break above the last swing high at $6,620 and the 100 hourly simple moving average.During the upside, yesterday’s highlighted key bearish trend

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