Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?

There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar.
The price revisited the main $10,500 support area and it is currently correcting higher.
There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair seems to be forming a double bottom pattern near the $10,400 and $10,500 support levels.Bitcoin price is holding the main $10,400 support area against the US