Bitcoin Price Could Resume Increase But 100 SMA Is The Key

Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term.Bitcoin extended its decline below the $28,000 support zone.
The price is trading below $28,000 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance near $27,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a steady increase if there is a close above the 100 hourly S