Bitcoin is slowly gaining a pace above $46,500 against the US Dollar. At the time of writing, the price is trading above $46,200 and the 100 hourly simple moving average. In addition, there is a major bearish trend line forming with resistance near $46,700 on the hourly chart of the BTC/USD pair. This pair can initiate a major increase if there is a clear passage above the $47,000 resistance.