Bitcoin Price Regroups After Losses—Is Directional Break Near?

Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone.Bitcoin started a fresh decline below the $87,500 zone.
The price is trading below $88,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it settles above the $89,350 zone.Bitcoin Price Consoli