Bitcoin Price Weakens Further, Additional Losses Now on the Table

Bitcoin price failed to continue higher and dipped below $88,500. BTC is now declining and might struggle to stay above $86,800.Bitcoin started a fresh decline from the $90,500 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 $87,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it trades below the $86,800 zone.Bitcoin Price Corrects Gains
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