TA: Bitcoin Faces Another Rejection, Can Bulls Save The Day

Bitcoin spiked above the $20,500 resistance against the US Dollar. BTC is now struggling near $19,800, with a major support near the $19,600 zone.Bitcoin made another attempt to gain strength above $20,500 but failed.
The price is now trading above the $19,500 level and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $19,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rise again unless there is a clear move bel