Bitcoin Price Crashes 8% and Wipes Weekly Gains, Dips Supported?

Bitcoin price started a sharp decline after trading close to $45,000. BTC is down over 8% but the bulls seem to be active above $40,000.

Bitcoin is showing a few bearish signs from the $44,699 high.
The price is trading below $43,500 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could find strong buying interest near the $40,000 zone.