Bitcoin (BTC) Price Could Dip Further Before Fresh Rally

Bitcoin price is currently correcting lower and is trading below $9,500 against the US Dollar.
The price is likely to decline further towards $8,700 before it could rise again.
Yesterday’s highlighted key bearish trend line is intact with resistance near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price must surpass the $9,460 and $9,500 resistance levels to start a fresh increase.Bitcoin price is facing a few key hurdles near $9,500 against the US Dollar.