TA: Bitcoin Trims Gains, Why BTC Could Start Fresh Decline

Bitcoin extended decline and traded below $29,000 against the US Dollar. BTC must stay above the $28,500 level to avoid a sharp decline in the near term.Bitcoin started a fresh decline from the $30,500 resistance zone.
The price is now trading below the $30,000 level and the 100 hourly simple moving average.
There was a break below a connecting bullish trend line with support near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend decline if there is a