Bitcoin is up more than 8% and it broke the $6,500 resistance area against the US Dollar. BTC price is now struggling to clear $6,600 and it could correct lower in the short term. Bitcoin gained bullish momentum above the $6,200 and $6,400 levels against the US Dollar. The price topped near the $6,640 level and it is currently correcting lower. There is a connecting bullish trend line forming with support near $6,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards the $6,280 area if it breaks the trend line support. Bitcoin Gains 8% After a successful close above the $6,000 area, bitcoin price formed a support base against the US Dollar. As a result, BTC price started a steady increase above the $6,200 resistance and the 100 hourly simple moving average. The price gained pace and traded above the $6,400 pivot area. It is up more than 8% and it even climbed above the $6,500 resistance. A high is formed near the $6,641 level and it se...