TA: Bitcoin Price Turns Red as Bears Take Over Crypto Market

Bitcoin is showing bearish signs below the $20,000 support zone against the US Dollar. BTC could accelerate further lower below the $19,500 support zone.Bitcoin started a fresh decline and traded below the $20,000 support.
The price is now trading below $20,200 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $20,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a substantial decline if it breaks th