Bitcoin (BTC) Price Accelerating Losses Below $8K, $7.5K Very Likely

Bitcoin price corrected higher, but it faced hurdles near $8,120 and $8,140 against the US Dollar.
The price is declining again and it could gain momentum below the $8,000 support.
There is a major bearish trend line forming with resistance near $8,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is likely to remain in a bearish zone unless the bulls push it above $8,120 and $8,240.Bitcoin price is struggling to rebound above $8,100 against the US Dollar. Therefore