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How will bitcoin continue after approaching $60,000?

The digital currency has had a rebound in its price, but it must show strength to avoid having new relapses.

While bitcoin (BTC) has shown recovery by rising to almost $60,000 (USD) today, it has not yet managed to stay close to that point.

“The key level to watch currently is $58,000 since, if we do not consolidate above it soon and look for $60-62,000 again, it could make us visit prices of $50-52,000,” warned the analysis firm Nodecharts. This is predicted, as the graph shows, based on the technical analysis of support-resistance, that is, areas of high demand and supply that bitcoin has had.