Bitcoin Price Weekly Analysis – BTC/USD Could Decline Further

Key PointsBitcoin price is under a lot of pressure and it recently declined below $7,000 against the US Dollar.
There is a crucial bearish trend line forming with resistance at $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair may correct a few points towards $8,000, but it will most likely face sellers on the upside.Bitcoin price remains in a major downtrend below $8,000 against the US Dollar. BTC/USD could correct higher, but it is likely to many hurdles on the