The next key support is near the $9,850 level. It represents the 61.8% Fib retracement level of the recent recovery from the $9,483 low to $10,439 high. If there is a downside break below the $9,850 support, bitcoin price is likely to resume its decline.
On the upside, an immediate resistance is near the $10,250 level. Moreover, there is a major bearish trend line forming with resistance near $10,290 on the hourly chart of the BTC/USD pair. If there is an upside break above the trend line and the $10,400 resistance, the price could recover further in the near term.
Looking at the chart, bitcoin price seems to be facing a strong resistance near the $10,300 and $10,400 levels. If it continues to struggle near $10,250 and $10,400, there are chances of more downsides below $10,000 and $9,850 in the coming sessions.