Bitcoin Price Regains Traction, BTC Seems Primed for More Upsides

Bitcoin price gained bullish momentum above the $16,500 resistance. BTC could rise further if there is a close above the $17,000 resistance.Bitcoin started a decent increase above the $16,500 and $16,650 resistance levels.
The price is trading above $16,500 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $16,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rise further if there is a close above t