TA: Bitcoin Price Trims Gains, Why BTC Could Dive To New Monthly Low

Bitcoin failed to stay above the $20,000 resistance against the US Dollar. BTC is sliding and might even break the $18,250 support zone.Bitcoin failed to stay above the $20,000 resistance and started a fresh decline.
The price is trading below $19,000 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate lower below the $18,250 support zone in