TA: Bitcoin Bears Keep Pushing, Why Upsides Remain Limited

Bitcoin is struggling to clear the $38,800 resistance against the US Dollar. BTC could decline heavily if it stays below the $39,000 pivot level.Bitcoin is struggling to recover above $38,800 and $39,000 resistance levels.
The price is now trading below $38,600 and the 100 hourly simple moving average.
There is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $38,880 and $39,000 resistance l