TA: Bitcoin Price Consolidates, Why Recovery Could Be Capped

Bitcoin extended losses below the $21,000 support against the US Dollar. BTC is consolidating and any upsides might face hurdles near $21,500.Bitcoin remained in a bearish zone and traded below the $21,000 level.
The price is now trading below the $21,500 level and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $21,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might correct higher but upsides might be limited a