Bitcoin Price Declines Below $106,000 Amidst Resistance Levels

Bitcoin price is currently in a decline, trading below $106,000. Key points include:

Current trading below $105,500 and the 100 hourly Simple Moving Average.
A bearish trend line with resistance at $104,850 on the BTC/USD hourly chart.
Support remains at $103,500; a rebound above this level could signal an increase.
Resistance levels are at $105,000, $105,500, and potentially $106,150.
If Bitcoin does not break above $105,000, it may decline further towards $102,500 or even $100,000.

Technical indicators show the MACD losing pace in the bearish zone, while the RSI is above 50.