Bitcoin Price Rejects $30K But This Variable Can Trigger A Fresh Increase

Bitcoin price attempted an upside break above the $30,000 resistance. BTC failed and corrected lower toward the $28,400 support zone.Bitcoin is struggling to gain pace above the $29,400 and $29,500 resistance levels.
The price is trading below $29,200 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $27,850 su