Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action

Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions.Bitcoin failed to gain pace for a move above $17,300 and $17,450.
The price is trading below $17,000 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $17,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could bounce back if it stays above the $16,900 and $16,7