Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally

Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA.Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar.
There was a sharp dip below the $10,200 level before the bulls protected the 100 hourly SMA.
There is a key contracting triangle forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either ra