Bitcoin Price Weakness Grows, Traders Brace For Further Downside

Bitcoin price started a fresh decline below the $76,500 zone. BTC is consolidating and might struggle to stay above the $75,000 support. Bitcoin failed to stay above $76,500 and extended losses. The price is trading below $76,200 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $76,500 and $77,200 levels. Bitcoin Price Dips