Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.
The price is currently declining and it remains at a risk of more downsides below $7,000.
There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ethereum is also struggling below $132, but it is likely to bounce back as long as it is above $120.Bitcoin price is showing a few bearish signs below $7,300 and $7,260 against the US Dollar. BT