Bitcoin Weekly Forecast: BTC Eyeing Last Line Of Defense

After a decent recovery, bitcoin price faced resistance near the $7,880 level against the US Dollar.
The price is currently correcting gains and it is trading near the $7,300 support area.
There is a crucial bearish trend line forming with resistance near $7,678 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The price might test $7,200 or $7,000 before a fresh wave towards the $7,700 resistance.Bitcoin price is struggling to continue higher above $7,500 and $7,800 against the