TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K

Bitcoin attempted a recovery wave above the $30,000 resistance against the US Dollar. BTC is struggling near $31,000 and might start a fresh decline.Bitcoin recovered above the $30,000 level but struggled above $31,000.
The price is now well above the $30,000 level and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh decline if it clears the $30,0