TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive Below $35K

Bitcoin started a strong decline from the $40,000 resistance against the US Dollar. BTC broke the key $37,500 support to move into a bearish zone.Bitcoin started a strong decline below the $37,500 and $36,500 levels.
The price is now trading below $37,500 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $39,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might accelerate further lower below the $35,000 supp