TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to start a decent increase.Bitcoin failed to gain pace above $31,000 and corrected lower below $30,000.
The price is now trading above the $30,000 level and the 100 hourly simple moving average.
There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish mome