Bitcoin Price Watch: BTC/USD Breakdown Looks like Real Deal

Key PointsBitcoin price failed to hold the $8,240 support and declined sharply against the US Dollar.
There is a major bearish trend line formed with resistance at $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair may well correct higher in the short term towards the $8,100 and $8,160 resistance levels.Bitcoin price broke key supports near $8,200 against the US Dollar. BTC/USD may continue to face selling interest near $8,100 and $8,200.
Bitcoin Price Analysis
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