Bitcoin Price Rejection Sparks Bearish Pressure—Support Under Threat?

Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone.Bitcoin started a fresh decline below the $87,000 zone.
The price is trading below $87,500 and the 100 hourly Simple moving average.
There was a break below a bullish trend line with support at $86,450 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 $87,500 zone.Bitcoin Price Cons