Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely

Bitcoin price is consolidating losses above the $8,000 support area against the US Dollar.
The price is likely to struggle near the $8,150 and $8,220 resistance levels.
There is a key rising channel or a bearish flag pattern forming with support near $8,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).
An upside correction towards the $8,220 and $8,280 levels could face a solid selling interest.Bitcoin price is consolidating losses with corrective moves against the US Dollar.