Bitcoin Price 10% Selloff Sparks Fears Of A Deeper Breakdown

Bitcoin price started a fresh decline below the $68,000 zone. BTC is down over 10% and might continue to move down if it dips below $62,000.Bitcoin failed to stay above $68,500 and extended losses.
The price is trading below $65,000 and the 100 hourly simple moving average.
There is a bearish trend line forming with resistance near $65,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $65,000 and $66,500 levels.Bitcoin Price T