Bitcoin price started another decline from the $27,500 resistance zone. BTC failed to stay in a positive zone above the $26,850 support zone and extended its decline. The bears were able to push the price below the key $26,550 support zone. The price even spiked below the $26,000 level. A low is formed near $25,865 and the price is now consolidating losses. Bitcoin price is trading below $26,500 and the 100 hourly Simple moving average.