Bitcoin Price Consolidates Near $17K: What Could Trigger A Fresh Increase

Bitcoin price started a downside correction from the $17,500 resistance. BTC is trading above the $16,800 support and might start a fresh increase.Bitcoin tested the $16,800 support zone and traded as low as $16,888.
The price is trading near $17,000 and the 100 hourly simple moving average.
There was a break above a key contracting triangle with resistance near $17,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must stay above the $16,800 support to start a fresh