Bitcoin (BTC) Trading Near Make-or-Break Levels

Bitcoin price is still trading above the $7,200 and $7,240 support levels against the US Dollar.
The price is struggling to climb above the $7,440 and $7,500 resistance levels.
There is a major breakout pattern forming with resistance near $7,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either rally above the $7,500 resistance or it might dive back towards $7,000.Bitcoin price is likely setting up for the next key break against the US Dollar. BTC must stay