Bitcoin Price Just Saw Key Technical Correction But 100 SMA Is Still Strong

Bitcoin price is correcting gains and trading below $27,500. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term.Bitcoin struggled to climb above $27,500 and started a downside correction.
The price is trading above $26,600 and the 100 hourly Simple moving average.
There is a key rising channel forming with support near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above $26,750 and the 100