Bitcoin Price Struggles Above $17K, Why BTC Is Still In Bullish Zone

Bitcoin price extended its rise and traded towards $17,400. BTC is correcting gains, but it remains well supported near the $17,000 zone.Bitcoin extended its increase above the $17,000 and $17,200 resistance levels.
The price is trading above $17,000 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $16,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rise further if it stays above the $17,000 support and the