10-12-2019 07:00 via newsbtc.com

Bitcoin (BTC) Turns Short Term Bearish But Holding Key Support

Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar.
The price is now trading below the $7,420 and $7,400 support levels.
There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to climb higher, but it could face resistance near $7,420 or $7,500.Bitcoin price is back in a short-term bearish zone below $7,400 against the US Dollar. BTC must stay above $7,2
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