Bitcoin (BTC) Price Sighting Downside Thrust Before Higher?

Bitcoin price is struggling to recover above $8,800 and $8,840 against the US Dollar.
The price is slowly moving lower and it is likely to decline sharply below $8,600.
Morning’s bearish trend line is active with resistance near $8,775 on the hourly chart of the BTC/USD pair (data feed from Kraken).
It seems like there could be a nasty decline below $8,600 before the price starts a decent recovery.Bitcoin price is still trading in a downtrend below $8,800 against the US Dollar. BTC needs