TA: Bitcoin Eyes Fresh Increase But This Level Is The Key

Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase.Bitcoin is struggling to gain momentum above $30,500 and $30,600.
The price is now trading near the $30,000 level and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if there is a close above the $31,350 resi