Bitcoin Price Watch: BTC/USD Facing Crucial Resistance Near $7,325

Key PointsBitcoin price stayed above the $7,200 support and made another upside attempt against the US Dollar.There is a short-term bullish trend line in place with support at $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is facing a solid resistance near the $7,325 and $7,330 levels.Bitcoin price is trading in a range above $7,200 against the US Dollar. BTC/USD must clear the $7,325 resistance for more gains in the near term.Bitcoin Price AnalysisYesterday, we discussed that bitcoin price could correct lower from $7,300 against the US Dollar. The BTC/USD pair did correct lower and moved towards the $7,200 support. However, sellers failed to push the price further lower towards the $7,130 support area.

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