Bitcoin Price Saw Increase In Volatility, Here’s Why The Bulls Are Safe

Bitcoin price saw a couple of wild moves above the $28,500 pivot level. BTC is now rising and showing positive signs above the $28,800 level.Bitcoin climbed sharply and then nosedived to revisit the $27,250 support.
The price is trading above $28,000 and the 100 hourly Simple moving average.
There is a key bullish trend line forming with support near $27,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to rise if it clears the $29,400 and $29,500 resis