Bitcoin Price Stuck Below $17K, What Could Spark A Decent Increase

Bitcoin price is attempting a recovery wave from the $16,000 support zone. BTC could start a decent increase if it clears the $17,000 and $17,200 resistance levels in the short term.Bitcoin is slowly moving higher and consolidating above the $16,500 level.
The price is trading above $16,500 and the 100 hourly simple moving average.
There is a connecting bearish trend line forming with resistance near $16,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a