TA: Bitcoin Forms Bullish Pattern, Why BTC Could Accelerate Higher

Bitcoin remained well bid above the $29,350 support zone against the US Dollar. BTC started a fresh increase and cleared the $30,000 resistance zone.Bitcoin started a recovery wave from the $29,350 support zone.
The price is now trading above the $30,000 level and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $29,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate higher if it clears the $3