The BTC price did not make much move last few hours. It is consolidating at the same area. There is a structure level at 8605 that acts as resistance. It is the key area, where most likely sell orders are placed. The price could not break the resistance and rejected few times. I think, the more sellers will step in and push the price down. Moreover, the buyers lose faith in their trades and liquidate their positions that will create more selling momentum.
