Bitcoin Eyeing Last Line of Defense, Bulls Losing Grip

Bitcoin price is struggling to stay above the $7,160 and $7,120 support levels against the US Dollar.
A successful close below $7,120 could accelerate decline below $7,000.
There is a key connecting bearish trend line forming with resistance near $7,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either accelerate decline below $7,000 or recover to $7,500.Bitcoin price is showing a few bearish signs below $7,400 against the US Dollar. BTC must stay above $7,1