Bitcoin Price (BTC/USD) Could Hit $12.2K Amid Strong Technical Bias

Bitcoin price extended gains above the $11,500 and $11,700 resistances against the US Dollar.
The price is currently correcting lower after trading close to the $12,000 resistance.
There is a connecting bullish trend line forming with support near $11,540 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price remains in an uptrend and it could surpass $12,000 to test the $12,200 level.Bitcoin price is gaining bullish momentum above $11,500 against the US Dollar. BTC price mi