Bitcoin (BTC) Trend Overwhelmingly Negative, Continue Selling?

Bitcoin price is slowly declining and it recently broke the $7,200 support area against the US Dollar.
The price is currently consolidating above $7,100 and likely to continue lower.
Yesterday’s key declining channel is still active with resistance near $7,320 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct higher, but sellers are likely to remain in control near $7,200 and $7,250.Bitcoin price is showing signs of additional losses below $7,000 agai