Bitcoin Price (BTC) Showing Signs of Continued Weakness

Bitcoin price is moving lower and is trading well below the $10,250 resistance against the US Dollar.
The price is likely to extend its decline below the $10,000 support level in the coming sessions.
There is a major declining channel forming with resistance near $10,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains at a risk of more downside as long as the price is below $10,250 and $10,400.Bitcoin price is showing a lot of bearish signs below $10,400 again