Bitcoin Price Breakdown Risk Grows As Bears Aim For $85K

Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500.Bitcoin started a minor recovery wave from the $86,000 level.
The price is trading below $88,200 and the 100 hourly Simple moving average.
There is a new bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might recover if it manages to settle above $86,200 and $86,000.Bitcoin Price D