Bitcoin Price Turns Red And At Risk of More Downsides Below $63K

Bitcoin price failed to recover above the $65,500 resistance. BTC is again moving lower and there is a risk of more downsides below $63,000.Bitcoin started another decline after it failed to surpass the $65,500 resistance zone.
The price is trading below $64,500 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $64,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate lower if there is a daily cl