Bitcoin (BTC) Price Weakens Below $7,500: Uptrend Still Intact

Bitcoin price formed a double top pattern near $8,330 and declined sharply against the US Dollar.
The price broke the key supports near $8,000, $7,650 and $7,200 to test the $6,800 support area.
This week’s followed bullish trend line was breached with support at $7,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price tested a crucial support area near $6,700-6,800 and bounced back above $7,100.Bitcoin price started a major downside correction below $8,000 agains