Bitcoin Price Lacking Momentum Above $17k, BTC Holders Are Safe: Here’s Why

Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support.Bitcoin extended its upward move above $17,100 and $17,300 resistance levels.
The price is trading near $17,000 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $17,050 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 fr