Bitcoin (BTC) Price At Risk Of Additional Weakness: $8,000 Holds Key

Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar.
The price even broke the key $7,600 support level and it is currently recovering higher.
There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to struggle near the $8,000 and $8,200 resistance levels in the near term.Bitcoin price is facing an increase in selling pressure again