Bitcoin Price Faces Mounting Pressure: Bears Take the Lead

Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level.Bitcoin started a fresh decline from the $97,500 resistance zone.
The price is trading below $97,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it stays above the $92,500 suppo