TA: Bitcoin Price Trims Gains, Why $20K Is The Key To Fresh Increase

Bitcoin started a sharp downside correction below the $22,000 level against the US Dollar. BTC must stay above the $20,000 support to avoid more losses.Bitcoin failed to clear $22,750 and started a sharp downward move.
The price is now trading below $21,000 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $21,810 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is consolidating above the $20,000 level, with a mi