TA: Bitcoin Price At Clear Risk of Sharp Drop, Indicators Turn Red

Bitcoin started a fresh decline from the $23,000 resistance against the US Dollar. BTC is declining and remains at a risk of a sharp decline below $21,800.Bitcoin started a downside correction and traded below the $22,200 level.
The price is now trading below the $22,500 level and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $22,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might decline heavily if there