Bitcoin (BTC) Price Declines Sharply: Short Term Sell Opportunities

Bitcoin price failed to climb above $8,800 and declined sharply below $8,400 against the US Dollar.
The price failed to hold the key $8,250 support and it even spiked below the $8,000 support.
There is a major bearish trend line forming with resistance near $8,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently correcting higher, but it is likely to face sellers near $8,200 and $8,350.Bitcoin price is currently trading in a bearish zone below $8,400 agains