TA: Bitcoin Price Surges 6%, Why Recent Breakout Looks Real

Bitcoin price found support above $22,500 and surged over 6% against the US Dollar. BTC broke many hurdles and might rise further towards the $25,000 resistance.Bitcoin started a fresh increase after it found strong bids above $22,500.
The price is now trading above the $23,500 level and the 100 hourly simple moving average.
There was a break above a key bearish trend line with resistance near $23,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is forming a bullish