Bitcoin Price Watch: BTC/USD Sellers In Control

Key PointsBitcoin price was not able to move back above $8,000 and declined further against the US Dollar.
There are two important bearish trend lines in place with resistance at $7,700 and $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently moving higher, but it is likely to face a strong selling interest just below $8,000.Bitcoin price nosedived towards $7,500 against the US Dollar. BTC/USD is currently recovering ground towards a few key barriers like