Amid the recent market recovery, Bitcoin price climbed above the key $17,000 pivot zone, indicating more price upticks. Currently, the price is trading above $17,200 and the 100 hourly SMA. Moreover, there is a major bullish trend line forming with support near $17,350 on the hourly chart of the BTC/USD pair. There are indications that this pair could continue to increase towards the $18,000 resistance zone.