Bitcoin Price Looks Ready For Another Leg Higher Over $17.5K

Bitcoin price remained well bid above the $16,920 support. BTC climbed higher and might soon aim an upside break above the $17,500 resistance zone.Bitcoin found a strong buying interest near the $16,920 and $16,900 levels.
The price is trading above $17,000 and the 100 hourly simple moving average.
There is a major contracting triangle forming with resistance near $17,220 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if it clears the $17,25