Bitcoin Price (BTC) Weekly Target of $7.5K Still In Sight

Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar.
The price is likely to test the main weekly bearish target of $7,500 in the coming sessions.
There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently trading near $8,000 and it is likely to extend its decline towards $7,500.Bitcoin price is extending its decline below $8,000 against the US D