Bitcoin (BTC) Price At Risk Of More Downsides Below $11,200

Bitcoin price is currently under pressure below the $11,600 resistance against the US Dollar.
The price could slide sharply if there is a break below the $11,200 support area.
There is a major bearish trend line forming with resistance near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price might correct higher, but upsides are likely to be capped near $11,600 and $11,700.Bitcoin price is trading in a bearish zone below $11,800 against the US Dollar. BTC price re