An immediate resistance for bitcoin is near the $7,280 level (the recent breakdown support). Additionally, the 100 hourly simple moving average is also near the $7,280 level.
More importantly, there is a short term rising channel forming with resistance near $7,290 on the hourly chart of the BTC/USD pair. If there is an upside break above the $7,280 resistance and the 100 hourly SMA, the price could correct higher towards the $7,400 barrier.
An intermediate resistance is near the 50% Fib retracement level of the downward move from the $7,664 high to $7,078 low. A successful close above the $7,400 resistance is needed to start a fresh uptrend towards $8,000.
On the downside, an initial support is near the channel support at $7,180. If there is a downside break below the $7,180 area, the price is likely to revisit the $7,080 level in the near term.