Bitcoin Price Prediction: Recovery Just Getting Started or It’s Bull Trap?

Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term.Bitcoin started an upside correction and climbed above the $16,500 resistance.
The price is trading above $16,400 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $16,220 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to rise if it settles above the $17,000 resist