TA: Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

Bitcoin price gained pace above the $23,500 resistance against the US Dollar. BTC could start a fresh increase if it stays above the $23,500 pivot level.Bitcoin started a decent increase above the $23,500 level.
The price is now trading above the $23,500 level and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $23,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $24,000 resistance to start a fresh incr