Bitcoin Lacks Momentum And A Break Below $5K Could Be Trend Defining

Bitcoin is struggling to gain momentum above $5,500 resistance against the US Dollar. If BTC price breaks the $5,000 support, it could start a major decline in the near term.Bitcoin is currently trading in a range between $5,000 and $5,500 against the US Dollar.
A break below the $5,000 support could set the stage for a fresh decline.
There is a key ascending channel forming with support near $5,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish mome