$BTC is currently in a consolidation phase between 56,958 USDT and 58,570 USDT. If it breaks above 58,570 USDT, it is likely to retest the critical 60,000 USDT resistance. A successful breakout above this level could drive the price higher, possibly towards 61,000 USDT, indicating renewed bullish momentum.

However, if Bitcoin fails to break higher and instead drops below 56,958 USDT, it may experience further downside, potentially falling to 53,400 USDT. This would suggest that sellers are gaining control, and a deeper correction could be on the horizon. The next move will depend on whether buyers or sellers dominate as BTC nears these crucial levels.

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