Bitcoin (BTC) Price Weekly Forecast: Bulls Facing Uphill Task

The recent recovery in bitcoin price faced a strong resistance near the $8,140 level against the US Dollar.
The price is currently facing a strong resistance and it is likely to struggle near $8,000.
There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could either break the $8,000 resistance and rally or decline below the $7,700 support area.Bitcoin price is showing signs of weakness below the $8,000