Bitcoin Price Weekly Analysis – BTC/USD to Retest $6,000

Key PointsBitcoin price is under heavy selling pressure as it tumbled below the $8,000 support against the US Dollar.
There is a crucial contracting triangle forming with support at $7,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair may extend the current decline and it could even break the $7,400 and $7,000 support levels.Bitcoin price is poised to extend declines below $7,000 against the US Dollar. BTC/USD’s correction towards the $8,000 and $8,500 levels a