Bitcoin Price Watch: Can BTC/USD Break This Resistance?

Key PointsBitcoin price formed a support base near $7,350 and recovered nicely against the US Dollar.
There is a key connecting bearish trend line in place with resistance at $7,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair has to move past the $7,650 and $7,680 resistance levels to gain traction.Bitcoin price is showing positive signs above $7,500 against the US Dollar. BTC/USD must clear the $7,650 barrier for more gains in the near term.
Bitcoin Price Analysis