TA: Bitcoin Price Breaking This Confluence Resistance Could Spark Major Surge

Bitcoin is moving in a positive zone above the $22,000 resistance against the US Dollar. BTC could climb higher if there is a clear move above the $22,500 resistance. Bitcoin settled above the $21,500 and $22,000 resistance levels. The price is now trading above $22,000 and the 100 hourly simple moving average. There is a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is consolidating gains and might eye a fresh surge above the $22,500 resistance. Bitcoin Price Eyes More Upsides Bitcoin price gained pace for a clear move above the $21,500 and $22,000 resistance levels. The price even settled above the $22,000 resistance zone and the 100 hourly simple moving average. Recently, it made an attempt to clear the $22,500 resistance zone. A high was formed near $22,473 before the price started a downside correction. There was a move below the $22,200 level. The price traded below the 23.6% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high. Bitcoin price is now trading above $22,000 and the 100 hourly simple moving average. There is also a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $22,450 level. The next major resistance sits near the $22,500 level. A close above the $22,500 r...