Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

  • Bitcoin price remained in a bearish zone and recently declined below $7,600 against the US Dollar.
  • The price retested the $7,500 support area and it is currently consolidating losses.
  • There is a key bearish trend line forming with resistance near $7,820 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could…
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