Bitcoin Price Stuck In Crucial Range, 2023 Breakout Looms

Bitcoin price is still trading in a range below the $17,000 resistance. BTC could witness a major breakout as we approach the New Year 2023.Bitcoin failed to clear the $17,000 and $17,200 resistance levels.
The price is trading below $16,800 and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $16,840 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline further if there is a clear move below the $16,550