BTC/USDT - 1H - Bullish Reversal

BTC/USDT has been in a bearish trend. The price action has bounced off an important Support Zone that seems to have caused a bullish reversal.

The Bullish Bias is based on the following signals:

• Price has stopped making LHs and LLs
  
• Double bottom at support with neckline breakout
  
• GMMA: Slow and Fast MA crossover
  
• Falling Resistance breakout with bullish hammers
  
• Bullish divergence on RSI + strength over 50 and not too near overbought levels
  
• OBV convergence with price (uptrend has conviction)
  

Expecting bulls to be in control and take price towards the Resistance Zone.