Bitcoin Price Sinks to New Weekly Low, Bulls Lose Key Support

Bitcoin price failed to stay above $66,000 and dipped further. BTC is now consolidating losses and might struggle to recover above $66,000.Bitcoin started a fresh decline and traded below the $66,000 support.
The price is trading below $65,500 and the 100 hourly simple moving average.
There is a bearish trend line forming with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip again if it trades below the $63,500 and $63,200 levels.Bitcoin P