Bitcoin Price (BTC) Tumbles 15%: $8,880 Bearish Target In Sight

Bitcoin price failed to stay above the $11,000 level and resumed decline against the US Dollar.
The price traded below the key $10,000 and $9,800 support levels to enter a bearish zone.
There is a new connecting bearish trend line forming with resistance near $10,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains at a risk of more losses below the $9,200 and $9,000 support levels in the near term.Bitcoin price tumbled around 15% and broke the $9,500 level aga