Bitcoin Price Defies Gravity But Here Is Why It Could Decline Again

Bitcoin price is consolidating above the $26,000 support. BTC could start another decline if it stays below $27,400 for a long time.Bitcoin is struggling to gain pace for a move above the $27,400 resistance.
The price is trading near $26,500 and the 100 hourly Simple moving average.
There was a break above a declining channel with resistance near $26,420 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline again if there is a move below the $26,000 support zone