TA: Bitcoin Price Technical Indicators Suggest Break Below $37K

Bitcoin is facing resistance near $38,200 against the US Dollar. BTC remains at a risk of more downsides unless there is a move above the $39,000 resistance.Bitcoin is facing a major resistance near the $38,200 and $39,000 levels.
The price is now trading below $38,500 and the 100 hourly simple moving average.
There is a key bearish trend line with resistance near $38,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $38,350 and $38,800 resistance level