Bitcoin Price Nears Next Key Move, 100 SMA Is The Key

Bitcoin price is consolidating above the $27,500 support. BTC could start a fresh increase unless there is a clear move and close below $27,500.Bitcoin is still holding the key $27,500 support zone.
The price is trading above $27,550 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $27,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if there is a break above the $28,000 resistance z