Bitcoin Price Recovery Near Resistance, Breakout Or Rejection Next?

Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $76,750 resistance zone. Bitcoin managed to form a base above $75,000 and started a recovery wave. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $76,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,