After a minor upward move, bitcoin price failed to gain strength above the USD 8,800 area. It seems like the USD 8,850 resistance played well, resulting in a bearish reaction in BTC/USD. There was a break below USD 8,650 and the price even spiked below USD 8,550.
Similarly, most major altcoins are slowly declining after they struggled to continue higher, including ethereum, XRP, litecoin, bitcoin