Bitcoin Price Hints At Potential Reversal, Buy The Dip?

Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short-term.Bitcoin was able to clear the $17,450 and $17,500 resistance levels.
The price is trading above $17,500 and the 100 hourly simple moving average.
There was a break above a key contracting triangle with resistance near $17,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct lower, but dips might be limi