Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally

Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500.Bitcoin is showing positive signs and facing hurdles near $27,500.
The price is trading above $26,850 and the 100 hourly Simple moving average.
There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rally further if there is a clear move above the $27,500 res