Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K

Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels.Bitcoin started a fresh decline below the $16,000 and $15,800 levels.
The price is trading below $16,400 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains at a risk of more losses towards the $15,000 level or even $14,