Bitcoin Price Holds Ground But Risk of Pullback Keeps Rising

Bitcoin price failed again to clear the $53,000 resistance. BTC is now back below $52,000 and there are chances of a downside break below the $50,500 support.Bitcoin price is struggling to clear the $52,000 resistance zone.
The price is trading below $52,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $51,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bearish momentum if there is a move be