Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Key PointsBitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar.
There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
The pair traded as low as $7,599 and it is currently correcting higher toward the $9,500 level.Bitcoin price is recovering after a major decline below the $8,000 level against the US Dollar. BTC/USD is struggling to move above $9,500 and it may move