Bitcoin Price Could See Downside Thrust Before Fresh Increase To $29K

Bitcoin price is slowly moving lower below the $28,500 level. BTC could drop toward the $28,000 level or the 100 hourly SMA before the bulls take a stand.Bitcoin is struggling to gain traction for a move above the $28,500 level.
The price is trading above $27,750 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support near $28,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could revisit the 100 hourly Simple moving av