$BTC is currently holding a strong support around 57,778.01 after facing resistance at 58,570.89. The price is forming a potential reversal pattern, indicating a bounce back from the current downtrend.

If BTC breaks above the 58,570.89 resistance level, a bullish move towards 59,804.26 is likely. Traders should watch for a confirmation of the breakout to signal a bullish continuation.

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