Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

Bitcoin price started a downside correction below $28,000. BTC is now testing the $27,200 support and might start a fresh increase in the near term.Bitcoin is moving lower below the $28,000 and $27,800 support levels.
The price is trading below $27,500 and the 100 hourly Simple moving average.
There is a short-term bearish trend line forming with resistance near $27,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase unless there is a move b