Bitcoin Price Hits Crucial Support: Will Bulls Ignite a Fresh Increase?

Bitcoin price started a downside correction below the $70,000 level. BTC is now testing the $68,800 support and might attempt a fresh increase.Bitcoin extended its decline below the $70,000 support zone.
The price is trading above $68,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $70,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase unless there is a close below $68,800.Bi