Bitcoin Price Could Restart Increase If It Clears This Resistance

Bitcoin price is correcting lower from the $27,400 resistance. BTC could start a fresh increase if it is able to clear the $26,600 resistance zone.Bitcoin started a fresh decline after it failed to clear the $27,400 resistance.
The price is trading below $26,600 and the 100 hourly Simple moving average.
There is a key declining channel forming with resistance near $26,580 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could attempt a fresh increase if it clears the $26