Bitcoin (BTC) Price Approaching Next Break: Bullish or Bearish?

Bitcoin price recovered recently above $7,900 and $8,000 against the US Dollar.
The price failed to stay above $8,000, formed a swing high at $8,080, and recently declined below $7,900.
There is a key breakout pattern forming with resistance near $7,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently under pressure and there is a risk of more losses below the $7,800 support.

Bitcoin price failed to gain momentum above $8,000 and declined recently against the US Dollar. BTC is currently approaching the next break and

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