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 post Bitcoin Weekly Forecast: BTC Eyeing Last Line Of Defense appeared first on NewsBTC.