Bitcoin Price Weekly Analysis – BTC/USD Bounce is Fading

Key PointsBitcoin price recovered nicely from $7300, but it is struggling to gain traction against the US Dollar.
There is a major bearish trend line forming with resistance at $8,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair must hold the $8,400-8450 support area to avoid any further declines toward $8,000.Bitcoin price is struggling to break a key barrier at $8,800 against the US Dollar. BTC/USD is slightly bearish with an important support around the $8,400-8,